According to a translated report from Info Money, XP, Brazil’s largest broker by market value, will establish a cryptocurrency trading platform that will allow its users to purchase, trade, and keep bitcoin and other cryptocurrencies. The platform will be known as XTAGE, and it was created in collaboration with Nasdaq to be integrated into the XP app. It is anticipated to be operational by the end of June. Initially, XTAGE will only support bitcoin and one other cryptocurrency. Brazil’s Largest Broker XP To Launch Bitcoin Trading https://t.co/EvwrcYKTxg pic.twitter.com/JYABUDs2kh — Coin-Age Nation (@ArtisticEconomy) May 12, 2022 “XP will be able to scale its platform reliably and introduce new asset classes as they grow and evolve, thanks to Nasdaq’s robust and flexible infrastructure technology, which is designed to meet market demands as well as current and future regulatory structures,” said Roland Chai, executive vice president and head of market technology infrastructure at Nasdaq. Cryptocurrency portfolios will be integrated with other investments on the app, allowing customers to interact with the familiar interface without friction. This feature will make bitcoin available to XP’s 3.5 million clients. According to an internal XP poll, over 60% of its clients are interested in purchasing bitcoin and other cryptocurrencies, and 80% of customers actively investing in these assets outside of XP would like to use a trading ...
