Brazil’s Largest Bank Ventures into Cryptocurrency Trading with Bitcoin and Ether

Itau Unibanco, Brazil’s largest bank and a major financial institution in Latin America, has entered the cryptocurrency market by launching a trading service for its clients. The initial offerings include Bitcoin and Ether, with plans to expand to other cryptocurrencies in the future, according to Guto Antunes, the head of digital assets at Itau Unibanco. The expansion will be contingent on regulatory developments. This development follows the exit of two local players, XP and PicPay, from the crypto market in recent weeks.