Skip to content
Wellesley Hills Financial
  • Home
  • Services
    • Strategic Advisory
    • Transaction Advisory Services
      • Targeted M&A
      • Defensive M&A Services
      • Capital Raising
      • Restructuring
    • Domain Expertise
      • AML
      • Blockchain & Crypto
      • Capital Markets Tech
      • E-Commerce
      • Embedded Finance
      • IDV / KYB / Biometrics
      • InsurTech
      • Open Banking/Finance
      • Payments Analytics
      • PropTech
      • Specialty Finance / LendTech
      • WealthTech
    • Valuations/409As
  • About Us
  • Transactions
  • Insights
    • Press
    • Resources
      • Featured Articles
      • Market Movements & COTW
  • Contact
  • Toggle website search
Search this website
  • Home
  • Services
    • Strategic Advisory
    • Transaction Advisory Services
      • Targeted M&A
      • Defensive M&A Services
      • Capital Raising
      • Restructuring
    • Domain Expertise
      • AML
      • Blockchain & Crypto
      • Capital Markets Tech
      • E-Commerce
      • Embedded Finance
      • IDV / KYB / Biometrics
      • InsurTech
      • Open Banking/Finance
      • Payments Analytics
      • PropTech
      • Specialty Finance / LendTech
      • WealthTech
    • Valuations/409As
  • About Us
  • Transactions
  • Insights
    • Press
    • Resources
      • Featured Articles
      • Market Movements & COTW
  • Contact

Nubank Launches Bitcoin and Ether Trading

crypto bitcoin ethereum
  • May 13, 2022
  • Crypto, Insights

Nubank, the Brazilian-based digital bank backed by Warren Buffet, is adding the option for users to be able to buy and trade bitcoin and ethereum on its platform. Nubank’s parent company, Nu Holdings, recently said it will allocate around 1% of the cash on its balance sheet to bitcoin in order to demonstrate its confidence in cryptocurrency. Paxos’ blockchain technology will enable crypto trading and custody services. Users will be able to purchase and trade crypto with Brazilian Reals, but will not, at least initially, be able to withdraw or deposit crypto. According to Nubank’s 2021 annual report, the company has 53.9 million subscribers in Brazil, Mexico, and Colombia. The bank generated $1.7 billion in income last year.

Nubank, Brazil’s Largest Digital Bank, Launches Bitcoin and Ether Trading

SEE MORE INSIGHTS
Wellesley Hills Financial

1087 Beacon Street, Ste. 303
Newton, MA 02459
Phone: + 1 617-465-2425 

Twitter X
LinkedIn

Securities transactions introduced through Wellesley Hills Securities, member SIPC/FINRA

Privacy Policy | Terms + Conditions

Copyright 2024 – Wellesley Hills Financial

MARKET INSIGHTS NEWSLETTER

Breaking industry news delivered to your inbox each week.

Market Insights Newsletter

Industry-specific market commentary, analysis, and research delivered weekly.