Brazil's XP to launch trading platform for digital assets & More News Here

SAO PAULO – Brazil’s largest brokerage XP Inc is ready to launch a trading platform for digital assets in collaboration Nasdaq, the corporate stated on Thursday.

The platform, referred to as XTAGE, will initially provide cryptocurrency trading when it launches, which is ready to be by the tip of the second quarter of 2022.

In the medium time period, “XP plans to expand its offering to include additional types of assets, as market trends and investor appetite continue to evolve.”

The new characteristic can be accessible for XP’s 3.5 million purchasers in Brazil via its present trading app.

“The creation of XTAGE represents a major milestone in advancing on the digital assets market and in our ability to offer investors increased access to the emerging ecosystem,” stated XP’s director of monetary merchandise Lucas Rabechini.

(Reporting by Peter Frontini, Editing by Mark Potter)

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