• Contact Us
  • Affiliate Disclosure
  • Privacy Policy
  • Terms of Use
  • DMCA
Thursday, February 2, 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
ShareShareShareShareShare

Related articles

Reporting Information on Crypto Transactions to the Tax Authorities: There is no Date yet, but You Need to be Prepared for it

February 1, 2023

BlackRock Increases Stake in Silvergate Capital to 7.2%, Shares Jump by 9.96%

February 1, 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

Reporting Information on Crypto Transactions to the Tax Authorities: There is no Date yet, but You Need to be Prepared for it

February 1, 2023

Both at European and global levels, new rules are being developed that will require crypto asset service providers to submit...

BlackRock Increases Stake in Silvergate Capital to 7.2%, Shares Jump by 9.96%

February 1, 2023

BlackRock, the world’s biggest asset manager, has announced the increase of its stake in Silvergate Capital, a crypto-friendly bank, to...

Bitcoin liquidations in last 24 hours top $160M

January 30, 2023

The third most significant long Bitcoin (BTC) liquidation of 2023 occurred on Jan. 30, as over $160 million worth of...

Crypto investment products see weekly inflows of $117M, highest since July 2022

January 30, 2023

Amid investor sentiment signaling ‘greed,’ cryptocurrency investment products saw weekly inflows of $117 million last week — the highest since...

2019 Bitcoin investors back in profit above $21.8k

January 30, 2023

Investors who purchased Bitcoin in 2019 are back in profit, according to data analyzed by Glassnode and CryptoSlate. The average...

Load More
Next Post

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

Indonesian Government To Launch A New Cryptocurrency Exchange

January 5, 2023

Gemini officially discontinues Earn product

January 11, 2023

Hit Or Miss? Top 5 Bitcoin Predictions For 2023

January 3, 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!

  • LBank Exchange Will List LiveGreen Coin (LGC) on February 10, 2023
  • Regulatory action against Mango Markets exploiter is a win for DeFi — Moody’s
  • MINA Price Prediction – Bulls Moving This “Succinct” Blockchain to $1

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!

  • bitcoinBitcoin(BTC)$23,833.003.18%
  • ethereumEthereum(ETH)$1,669.375.84%
  • USDEXUSDEX(USDEX)$1.07-0.47%
  • tetherTether(USDT)$1.00-0.02%
  • binancecoinBNB(BNB)$330.037.02%
  • usd-coinUSD Coin(USDC)$1.00-0.09%
  • rippleXRP(XRP)$0.4131252.75%
  • binance-usdBinance USD(BUSD)$1.000.09%
  • cardanoCardano(ADA)$0.4029655.27%
  • dogecoinDogecoin(DOGE)$0.0937181.20%
  • matic-networkPolygon(MATIC)$1.2312.58%
  • okbOKB(OKB)$40.066.79%
  • solanaSolana(SOL)$24.915.41%
  • staked-etherLido Staked Ether(STETH)$1,664.575.94%
  • polkadotPolkadot(DOT)$6.525.19%
  • litecoinLitecoin(LTC)$100.464.47%
  • shiba-inuShiba Inu(SHIB)$0.0000123.34%
  • avalanche-2Avalanche(AVAX)$21.8713.71%
  • tronTRON(TRX)$0.0635742.55%
  • uniswapUniswap(UNI)$7.027.08%
  • daiDai(DAI)$1.00-0.01%
  • cosmosCosmos Hub(ATOM)$14.879.07%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$23,782.003.17%
  • ToncoinToncoin(TON)$2.487.49%
  • chainlinkChainlink(LINK)$7.286.08%
  • moneroMonero(XMR)$178.852.35%
  • ethereum-classicEthereum Classic(ETC)$22.615.79%
  • leo-tokenLEO Token(LEO)$3.36-6.82%
  • AptosAptos(APT)$18.219.22%
  • bitcoin-cashBitcoin Cash(BCH)$138.034.60%
  • Aerarium FiAerarium Fi(AERA)$7.12-13.06%
  • stellarStellar(XLM)$0.0932083.91%
  • apecoinApeCoin(APE)$6.216.67%
  • quant-networkQuant(QNT)$149.567.96%
  • filecoinFilecoin(FIL)$5.7210.95%
  • nearNEAR Protocol(NEAR)$2.469.28%
  • crypto-com-chainCronos(CRO)$0.0811813.18%
  • lido-daoLido DAO(LDO)$2.326.99%
  • algorandAlgorand(ALGO)$0.2558037.79%
  • vechainVeChain(VET)$0.0248949.61%
  • hedera-hashgraphHedera(HBAR)$0.0689718.22%
  • internet-computerInternet Computer(ICP)$6.002.17%
  • fantomFantom(FTM)$0.579.40%
  • decentralandDecentraland(MANA)$0.797.85%
  • axie-infinityAxie Infinity(AXS)$11.629.01%
  • aaveAave(AAVE)$91.6412.43%
  • the-sandboxThe Sandbox(SAND)$0.767.08%
  • flowFlow(FLOW)$1.149.85%
  • eosEOS(EOS)$1.083.06%
  • elrond-erd-2MultiversX(EGLD)$44.324.95%