Nubank, the largest digital bank in Brazil by market value, announced today that bitcoin and Ethereum announced that it will offer a trading option.
of the bank cryptocurrency The trading and storage service will use Paxos’ Blockchain infrastructure.
Nubank will begin gradually opening its crypto trading service to its users from Thursday, according to a statement from New York-based blockchain company Paxos. The service will cover all users by the end of July.
According to Paxos’ statement, users will be able to buy and sell cryptocurrencies using the Brazilian Real, but will not be able to invest or withdraw crypto assets in the first place.
Until now, Nubank only allowed its clients to invest in crypto assets using ETF products through its investment unit Nulnvest.
Nubank Is Backed By Warren Buffett’s Company Berkshire Hathaway
As it is known, Nubank, the largest digital bank in Brazil, is supported by Berkshire Hathaway, the company of Bitcoin enemy Warren Buffett.
Buffett recently said that he would not buy all the BTC in the world, even for a total of $ 25. However, the fact that a bank supported by the legendary investor will offer BTC service did not escape the attention of investors.
Buffett’s right-hand man, Charlie Munger, also said that he agreed with Buffett’s views and described BTC as “malicious”. The duo’s latest anti-BTC statements have occupied the agenda a short time ago.
However, it is claimed that the legendary investment duo can no longer follow innovations.
*Not investment advice.