• April 23, 2024

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Santander Intends to Offer Crypto Trading to Brazilian Users

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The Brazilian branch of Bank Santander plans to open the possibility of trading digital assets for clients “in the coming months,” Mario Liav, CEO of the division, has said.

He has promised to provide additional details after the publication of the next quarterly report or earlier.

He has explained:

“The cryptocurrency market will stay here forever. This is not necessarily a reaction to the steps of competitors. Our client demanded this type of asset, so we have to find the most correct way to do it.”

The largest bank in the country, Itau Unibanco Holding, did not rule out on July 14 the possibility of buying/selling digital assets for retail clients in the future. In the first phase, the institution will offer tokenization services for companies.