Itaú Unibanco, the largest private bank in Brazil, has launched its crypto trading service to provide its clients with additional trading options, as reported by Reuters on December 4,
Guto Antunes, Head of Digital Assets at Itaú, said that Bitcoin and Ethereum will be the initial offerings. The bank also plans to add more crypto assets in the future in compliance with the country’s regulatory requirements.
Keypoints
- Itaú Unibanco, Brazil’s largest private bank, has launched a crypto trading service for Bitcoin and Ethereum. More assets may be added later.
- As a custodian, Itaú will hold and safekeep customers’ crypto assets. Customers can’t yet deposit/withdraw to external wallets.
- Itaú has partnered with other major Brazilian banks on a central bank digital currency initiative called Drex.
- Crypto adoption is surging across Latin America, with Brazil as a top global crypto market. This is attracting…
