• Contact Us
  • Affiliate Disclosure
  • Privacy Policy
  • Terms of Use
  • DMCA
Tuesday, December 5, 2023
WongaNews.com
  • Live Prices
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT News
  • Blockchain
  • Regulations
  • Trading
No Result
View All Result
  • Live Prices
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT News
  • Blockchain
  • Regulations
  • Trading
No Result
View All Result
WongaNews.com
No Result
View All Result

Brazil’s XP Inc. to Launch Trading Platform for Clients in August

July 25, 2022
in Trading
Reading Time: 2 mins read
A A
Brazil’s XP Inc. to Launch Trading Platform for Clients in August
ShareShareShareShareShare

Related articles

Bitcoin zips past $41,000 amid unending ETF optimism

Bitcoin zips past $41,000 amid unending ETF optimism

December 4, 2023
Blockstream CEO bets Bitcoin will hit $100K before the halving

Blockstream CEO bets Bitcoin will hit $100K before the halving

December 4, 2023

Brazilian low-cost financial services provider XP Inc (XP.O) announced its plans to launch the Xtage cryptocurrency trading platform by the middle of next month. The platform will initially offer only bitcoin and Ether options, however, the company’s Director of Financial Products, Lucas Rabechini, claims that the company, which has 3.6 million customers, expects to incorporate other digital assets by the end of 2022, as reported by Reuters.

Customers deemed by XP to have an "adequate investment profile for such operations" will gain early access to the platform in mid-August.

The company explained that all cryptocurrency trades carried out through the Xtage platform will comply with all user eligibility rules, as well as those for the level of risk presented.

By the end of 2022 and into early 2023, the São Paulo-based platform intends to add a further 10 cryptocurrencies to its digital trade offerings, Rabechini said.

Plans Continue Despite Crypto Winter

For Rabechini, the current cryptocurrency crisis, which has eroded away almost half of bitcoin’s value, has not prevented the company from continuing with its expansion plans in the crypto industry, and the executive remains confident of the business’ long term prospects.

"You can say 'the volume has been weak, there will be few orders,' but we see this market systematically growing over time," Rabechini explained. However, he also acknowledged that, while situation is not something to ignore, it is also not a factor of concern for them. 
"Our long-term vision is not just about price”, but also about the blazing-fast technology for order execution, which the company has developed together with Nasdaq Inc, he added.

Asked about other digital assets, such as non-fungible tokens (NFTs), Rabechini tentatively said that they are being considered, but that there are no definite plans to integrate them onto the platform for now.

The initial release of XP’s Xtage platform was in May, but company employees began testing it in July in order to validate its operability.

Among the company’s staunchest competitors in Brazil are financial services companies such as Nubank, Itaú Unibanco, and BTG Pactual, which also plan to provide cryptocurrency trading services for their clients.


Credit: Source link

ShareTweetSendPinShare
Previous Post

What does the Coinbase Premium Gap Tell us about Investor Activity? – Blockchain News, Opinion, TV and Jobs

Next Post

MyTopSportsbooks Journalist Investigates Profitability of Move-to-Earn Sneakers – Blockchain News, Opinion, TV and Jobs

Related Posts

Bitcoin zips past $41,000 amid unending ETF optimism

Bitcoin zips past $41,000 amid unending ETF optimism

December 4, 2023

Bitcoin’s (BTC) price zipped past $41,000 for the first time in the last 19 months earlier today, Dec. 4, fueled...

Blockstream CEO bets Bitcoin will hit $100K before the halving

Blockstream CEO bets Bitcoin will hit $100K before the halving

December 4, 2023

Blockstream CEO Adam Back said on social media that he believes Bitcoin (BTC) will likely hit $100,000 before its next...

Bitcoin price hits $40k amid ETF discussions and BTC halving anticipation

Bitcoin price hits $40k amid ETF discussions and BTC halving anticipation

December 3, 2023

Bitcoin has broken the $40,000 barrier, a significant milestone energizing the crypto space. In the past 24 hours alone, $23...

South Korean crypto trading volumes soar with altcoins taking center stage

South Korean crypto trading volumes soar with altcoins taking center stage

November 17, 2023

Daily trading volumes on South Korean exchanges have hit their highest point since August last year, with altcoins dominating the...

OKX joins forces with Komainu, CoinShares to boost security for segregated institutional crypto trading

OKX joins forces with Komainu, CoinShares to boost security for segregated institutional crypto trading

November 15, 2023

What is CryptoSlate Alpha?A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more ›Connected to AlphaWelcome!...

Load More
Next Post
MyTopSportsbooks Journalist Investigates Profitability of Move-to-Earn Sneakers – Blockchain News, Opinion, TV and Jobs

MyTopSportsbooks Journalist Investigates Profitability of Move-to-Earn Sneakers – Blockchain News, Opinion, TV and Jobs

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

A government or corporate entity can destroy the Bitcoin network

A government or corporate entity can destroy the Bitcoin network

December 2, 2023
British investment funds get go-ahead to launch blockchain-based tokenized assets

British investment funds get go-ahead to launch blockchain-based tokenized assets

November 24, 2023
Shrapnel’s ‘Neon Machine’ Files Lawsuit Over Hostile Takeover

Shrapnel’s ‘Neon Machine’ Files Lawsuit Over Hostile Takeover

November 29, 2023

About Us

Wonga News is an online news portal that aims to provide the latest crypto news, blockchain, regulations, and much more stuff like that around the world. We promise to share only high quality content from the world's best crypto sources. Feel free to get in touch with us!

What’s New Here!

  • Shiba Inu Regains Its Monthly Volatility Peak Of 64%: Will Bulls Hold SHIB Price Near Resistance?
  • Self-regulation doesn’t work — even for Supreme Court justices – The Hill
  • Palm Foundation Announces $45,000 Grant for Artists Featuring at Patio by ZsONAMACO

Newsletter

Loading
  • Contact Us
  • Affiliate Disclosure
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2022 WongaNews.com - All Rights Reserved!

No Result
View All Result
  • Live Prices
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT News
  • Blockchain
  • Regulations
  • Trading

© 2022 - WongaNews.com - All Rights Reserved!

  • Stride Staked InjectiveStride Staked Injective(STINJ)$16.52-4.28%
  • bitcoinBitcoin(BTC)$43,409.004.38%
  • ethereumEthereum(ETH)$2,271.272.48%
  • USDEXUSDEX(USDEX)$1.07-0.47%
  • tetherTether(USDT)$1.000.00%
  • binancecoinBNB(BNB)$231.450.47%
  • rippleXRP(XRP)$0.620.40%
  • solanaSolana(SOL)$60.970.43%
  • usd-coinUSDC(USDC)$1.000.39%
  • staked-etherLido Staked Ether(STETH)$2,257.721.86%
  • cardanoCardano(ADA)$0.4104162.85%
  • dogecoinDogecoin(DOGE)$0.0911552.99%
  • tronTRON(TRX)$0.1034820.45%
  • chainlinkChainlink(LINK)$15.690.59%
  • avalanche-2Avalanche(AVAX)$22.544.12%
  • matic-networkPolygon(MATIC)$0.811.55%
  • ToncoinToncoin(TON)$2.442.29%
  • polkadotPolkadot(DOT)$5.692.82%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$43,358.004.62%
  • Wrapped stETHWrapped stETH(WSTETH)$1,865.160.38%
  • shiba-inuShiba Inu(SHIB)$0.0000094.16%
  • litecoinLitecoin(LTC)$73.220.86%
  • daiDai(DAI)$1.000.22%
  • bitcoin-cashBitcoin Cash(BCH)$246.25-0.51%
  • uniswapUniswap(UNI)$6.233.22%
  • leo-tokenLEO Token(LEO)$3.740.78%
  • okbOKB(OKB)$57.49-2.42%
  • stellarStellar(XLM)$0.1216160.19%
  • KaspaKaspa(KAS)$0.1418481.54%
  • moneroMonero(XMR)$169.691.25%
  • ethereum-classicEthereum Classic(ETC)$20.202.62%
  • cosmosCosmos Hub(ATOM)$9.763.10%
  • true-usdTrueUSD(TUSD)$1.000.44%
  • crypto-com-chainCronos(CRO)$0.096367-0.12%
  • Aerarium FiAerarium Fi(AERA)$7.12-13.06%
  • internet-computerInternet Computer(ICP)$5.052.62%
  • filecoinFilecoin(FIL)$4.732.70%
  • nearNEAR Protocol(NEAR)$2.226.60%
  • BSCEXBSCEX(BSCX)$237.310.49%
  • hedera-hashgraphHedera(HBAR)$0.0650795.12%
  • lido-daoLido DAO(LDO)$2.402.05%
  • AptosAptos(APT)$7.511.28%
  • thorchainTHORChain(RUNE)$6.45-1.63%
  • BittensorBittensor(TAO)$340.210.68%
  • immutable-xImmutable(IMX)$1.485.80%
  • MantleMantle(MNT)$0.58-2.02%
  • vechainVeChain(VET)$0.0248255.40%
  • blockstackStacks(STX)$1.1611.21%
  • binance-usdBUSD(BUSD)$1.000.69%
  • optimismOptimism(OP)$1.76-1.01%