Crypto.com partners with Latin America’s largest investment bank to advance crypto banking
2024-02-27 10:04:26 Eastern Standard Time
Crypto.com has announced a major partnership with BTG Pactual, the largest investment bank in Latin America.
The companies said in an announcement on February 27 that the partnership aims to advance the crypto banking ecosystem in the region.
As part of the partnership, Crypto.com will list BTG DOL. BTG DOL is a stablecoin issued by BTG Group and pegged 1:1 with the US dollar. Stablecoins were launched last April and provide trusted interaction between cryptocurrencies and traditional financial systems.
Crypto.com, BTG Pactual Drive Cryptocurrency Adoption
In today's announcement, Crypto.com acknowledged that its partnership with BTG will play a key role in the overall adoption of cryptocurrencies in Latin America.
According to the exchange, by partnering with BTG, both companies will work together to promote BTG DOL as a crypto trading pair. This includes adding trading pairs for top coins such as BTC and ETH.
Both companies hope that this partnership will lay the foundation for further growth of the digital economy across Latin America.
“BTG Pactual is a true pioneer in seeing the potential for collaboration between traditional and digital finance,” Eric Anziani, president and chief operating officer of Crypto.com, said in a statement.
According to Anziani, Crypto.com shares BTG Pactual's vision of focusing on advancing innovative financial technology that empowers communities.
Andre Portillo, partner and head of digital assets at BTG, said the partnership is another step in providing the bank's clients with greater access to the digital asset economy.
Crypto.com's partnership with a leading Latin American investment banking firm further expands the crypto firm's footprint in the region. The exchange launched the Crypto.com Visa Card in Brazil in 2021.
In 2022, it secured a payment institution license (EMI) from the Brazilian Central Bank.
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