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Paxos Powers the Largest Digital Bank in Brazil to Expand Crypto Market Access to More than 50 Million Users

Paxos Powers the Largest Digital Bank in Brazil to Expand Crypto Market Access to More than 50 Million Users

By Walter Hessert (Paxos) | Edited by Saulo Alencastre (Bitget)

This article was first published on on May 11, 2022 and has been edited on June 7, 2022, for the Bitget audience.

Mainstream adoption of digital assets in Latin America continues to accelerate with Brazilian fintechs leading the way.

Brazil-based Nubank – one of the world’s largest digital banking platforms – announced in May it now offers crypto buying, holding and selling capabilities powered by Paxos. We’re thrilled that now another 50 million Brazilians have seamless access to Bitcoin and Ethereum through the Nubank platform. The move into crypto represents a strategic move for the company and will further accelerate adoption in the region. By adding crypto, they create trusted access to this new system and fast growing asset class. Paxos infrastructure ensures customer assets are safeguarded by the leading regulated Trust for digital assets globally.

By providing blockchain infrastructure for PayPal, Interactive Brokers, Mercado Libre, Mastercard and now Nubank, Paxos already powers half a billion end user crypto wallets. We’re fueling the adoption of crypto by working with trusted brands and platforms upon which consumers already rely. Today, more people have access to a fast, safe and transparent banking system that was previously out of reach. We’re proud to bring hundreds of millions of people closer to a more inclusive financial system. This is great news for the crypto community altogether. Bitget offers some more sophisticated crypto trading products that appeal to both advanced and beginning traders: Futures with margin in USDT, USDC and margin in cryptocurrencies such as BTC, ETH and XRP, Spot trading with more than 300 coins and tokens, Copy Trade, Launchpad, Grid Trading and many more. Copy Trade allows for beginners to learn by following professional traders and anyone to profit from the crypto markets without operating directly. The Launchpad opens opportunities to join potential high-quality projects in their initial stages, and Grid Trading simplifies automation of strategic trading.

At Bitget, you can trade PAX Gold (PAXG), Paxos token pegged to gold. This crypto asset that follows gold price is the easiest and quickest way to trade gold, an essential asset in every investor's portfolio, especially for hedging in times of political turbulence. It amazingly allows you to own gold in the crypto space.

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