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Stock impact report

Brazil's Nubank introduces bitcoin, ether trading on its platform [Seeking Alpha]

Nu Holdings Ltd. (NU) 
Company Research Source: Seeking Alpha
Brazil's Nubank introduces bitcoin, ether trading on its platformMay 11, 2022 6:21 PM ETNu Holdings Ltd. (NU)BTC-USDETH-USDBy:Max GottlichSA News Editor1 CommentAlistair Berg/DigitalVision via Getty ImagesBrazil-based fintech giant Nubank (NYSE:) and ethereum () on its platform, according to areleaseWednesday. The trading capabilities are powered by Paxos, a blockchain infrastructure platform.The new service will be progressively available for customers in Brazil starting in May, with goals to reach its entire customer base by the end of July, Nubank said.In addition, Nu Holdings (Furthermore, “there is no doubt that crypto is a growing trend in Latin America, one that we have been following closely and believe will have a transformational impact on the region," said NuBank CEO and Co-founder David Vélez. "Yet the trading experience is still very niche as customers either lack information to feel confident to enter this new market or just get frustrated by complex experiences," he add Show less Read more
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