Brazil’s largest bank Itau Unibanco launches Bitcoin trading — Report

Brazilian slope Itau Unibanco has launched a cryptocurrency trading work for its clients arsenic portion of its concern platform, Reuters reported connected Dec. 4.

Itau, the largest slope by assets successful Brazil and 1 of the starring lenders successful Latin America, is debuting crypto trading with Bitcoin (BTC) and Ether (ETH), integer plus caput Guto Antunes reportedly said. In the future, the slope plans to adhd much cryptocurrencies for trading, helium noted.

“It starts with Bitcoin, but our overarching strategical program is to grow to different crypto assets successful the future,” Antunes stated, adding enlargement would beryllium connected regulatory developments.

The determination reportedly comes astir a period aft 2 section players announced they were leaving the crypto market. According to Reuters, brokerage and concern institution XP precocious unopen down its crypto services without citing its reasons. The fiscal services steadfast PicPay, owned by conglomerate J&F, which besides controls meatpacker JBS, cited regulatory uncertainties.

Itau Unibanco didn't instantly respond to Cointelegraph’s petition to comment.

This is simply a processing story, and further accusation volition beryllium added arsenic it becomes available.