Brazil’s Largest Broker Launches Bitcoin Trading – Bitcoin Magazine


  • The largest broker in Brazil has launched bitcoin trading services for its clients.
  • XP has over 3.6 million users.
  • The company has a goal of 200,00 users by year end with a scalable capacity of one million users.

XP Inc., Brazil’s largest broker when measured by market value, has officially launched bitcoin trading services enabling its 3.6 million users to buy, sell and hold bitcoin, per a report from Brazilian publication ISTOE.

Xtage, the broker’s new digital asset trading platform developed in partnership with Nasdaq, opened operations today with a year-end goal of 200,000 active users. However, the platform currently holds capacity to support up to 500,000 users, and the company stated it has the potential to scale up to one million users, covering almost one-third of its existing clientele.

“Nasdaq’s robust and flexible infrastructure technology, designed to meet market demands, as well as current and future regulatory structures, will allow XP to scale its platform reliably and introduce new asset classes as they grow and evolve,” Roland Chai executive vice president for Nasdaq previously said.

The Xtage platform was initially launched this past May but was available as a pilot strictly for employees who tested the platform for over a month. Xtage will integrate with XP’s already existing infrastructure and will only support two digital assets, one of which is bitcoin.

Source link Bitcoin Magazine


Be the first to comment

Leave a Reply

Your email address will not be published.