XP Investments launches crypto trading platform

Brazil’s largest brokerage XP Investments has announced the launch of a crypto trading platform.

The new platform will allow users to trade Bitcoin (BTC) and Ethereum (ETH) to offer exposure to 10 digital currencies by December.

Named XTAGE, the platform is built on the training technologies of the American stock exchange Nasdaq and will also have integration with MetaTrade 5, a forex and stock trading pool.

“The system will work 24 hours a day allowing customers to use proprietary algorithms and robots to buy and sell Bitcoin and Ethereum via XTAGE. In addition, there will also be a partnership with Nelogica to use the Profit system”, according to a statement.

XP financial products director Lucas Rabechini said: “Over the next few months we will add even more functionality to the platform.

“Our expectation is to have 200,000 active customers by the end of 2022. But, in the medium and long term, the potential is enormous.”

Currently, XP has more than 3.6 million customers and is the latest Brazilian fintech play to offer crypto trading services, following in the footsteps of large local player PicPay, who announced its plans to launch a crypto exchange in July.

Brazil’s largest digital bank Nubank and Latin American E-Commerce Giant MercadoLibre also both reported over one million users on their crypto trading platforms.

Such successes have encouraged XP to expect big things from its new venture into the digital asset space.

If you want to use cryptocurrencies for gaming experiences, we recommend heading over to Bitcasino, 1xBit or FortuneJack.

 

Looking for your next crypto casino? Check out: Bitcasino, Gamb.co or FortuneJack.

Written by Isabella Aslam

Reporter

Isabella is an experienced writer in B2B and B2C journalism. Alongside crypto, Isabella writes and discusses the topics of relationships and psychology. Isabella holds a first-class degree in music journalism and often interviews electronic artists and DJs.

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