Top Brazilian investment bank BTG Pactual launches crypto trading app

Brazilian investment bank BTG Pactual has launched a new platform enabling customers to make direct investments in cryptocurrencies.

Top Brazilian investment bank BTG Pactual launches crypto trading app

The bank’s Mynt platform currently allows users to purchase BTC and ETH, with the bank expressing its intention to launch support for additional crypto assets in the future. Andre Porthilo, BTG Pactual’s head of digital assets, stated:

“At this first moment, we will have the two main assets of the market, but we will include other cryptos for trading over time. We will have a complete platform with blockchain-based assets."

Roberto Sallouti, BTG Pactual CEO, described Mynt's creation as being in response to demand from our customers who wish to trade crypto.

Sallouti added that Mynt plans to host education content designed to inform new users about cryptocurrencies and blockchain technology, stating: “As a new asset class, we will also have content to educate and inform our customers about these assets and the technology.”

According to local news channel The Rio Times, Mynt’s launch makes BTG Pactual the first major Brazilian financial institution to allow its customers to participate directly in the crypto-asset markets.

Mynt is not BTG Pactual’s first foray into the crypto sector, with the bank launching its real estate-backed security token ReitBZ in 2019 after spending a couple of years examining digital assets.

In April of this year, BTG Pactual also became the first Brazilian investment bank to launch a crypto fund after unveiling its Bitcoin 20 Multi-Market Investment Fund.

Read: expands insurance program to cover $750M