Users of XP in Brazil will be able to buy and sell Bitcoin the biggest and most popular cryptocurrency in the world. It is a decentralized digital currency that enables users to make trustless peer-to-peer transactions. through the new platform that they will launch in alliance with NASDAQ, which will be known as XTAGE and will open its doors at the end of June.
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One of the largest stock brokers in Brazil, XP, announced a strategic alliance with NASDAQ to launch soon an exchange for the purchase/sale of Bitcoin in the Latin American country.
Alianza XP with NASDAQ to launch new exchange businesses that allow customers to trade cryptocurrencies for fiat money or other cryptocurrencies. Bitcoin en Brazil
This was indicated by the associated companies, which shared information with local media and indicated that the new platform will be known as XTAGE, which will formally begin operations at the end of June. Initially, it will allow users to buy and sell Bitcoin, pero plantean expandir sus servicios e incorporar otras criptomonedas.
In this regard, the executive vice president and head of the market technology infrastructure area for NASDAQ, Roland Chai, commented:
“NASDAQ’s robust and flexible technology infrastructure, designed to meet market an area or arena, online or offline, in which commercial dealings are conducted. demands, as well as current and forward-looking regulatory structures, will allow XP to reliably run its platform a place to buy, sell and store cryptocurrency and introduce new asset classes as they grow and evolve.”
According to information released by the companies, the interface will see an expansion but will remain very similar to the one already being used by the more than 3.5 million users of XP, so that interested parties will be able to carry out commercial operations with Bitcoin from the service in much the same way as they were already doing.
Clients of XP demandan acceso a las criptomonedas
As such, XP indicated that the measure arises because of the demand expressed by many customers of the platform, which have requested the ability to trade cryptocurrencies through its trading service.
Faced with the demand, the team of XP conducted an internal survey and found that more than 60% of customers are interested in trading Bitcoin and other cryptocurrencies from the platform, but because it does not have that possibility, they have been forced to do it through external services. The results also highlight that 80% of the participants would be motivated to carry out such commercial activities if the site managers enabled a space to do so with all the regulatory and security the term securities refers to a fungible and tradable financial instrument that carries a type of monetary value. guarantees.
To motivate users of XP, the director of financial products, Lucas Rabechini, indicated that the new platform will have very competitive rates, so this will not be a concern for those who operate through XTAGE.
On the other hand, the company clarified that there will be a new wallet a place where cryptocurrency users can store, send and receive digital assets. to store the Bitcoin, although they will not be able to be transferred outside the platform at first, so later they will enable this possibility. They also clarified that the custody custody is a financial institution's legal capacity to keep and preserve financial assets for its clients to avoid asset theft or loss. of the funds will be in charge of BitGo and that these will remain in cold wallets.
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- Spanish exchange Bit2me enters the Brazilian market
- Brazil’s full Senate approves bill to regulate cryptocurrencies
Source: BitcoinMagazine , Cointelegraph
Version by Angel Di Matteo / DiarioBitcoin
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