The cryptocurrency division of Nubank Cripto, the largest digital bank in Latin America, has launched two new call and put options for its 67 million customers, as announced on Tuesday (20).
Previously, bank customers were only available to buy Bitcoin (BTC) and Ethereum (ETH).
By joining the Nubank account, customers can buy and sell cryptocurrencies, even though withdrawals and deposits have not yet been released to investors.
Nubank Crypto releases two new options for buying and selling
According to a statement sent to Livecoins, Nubank stated that it is taking another step towards democratizing the adoption of cryptocurrencies in Latin America.
This is because the Nubank Crypto platform now also has Polygon (MATIC) and Uniswap (UNI) on the shelf for investors.
Since its launch, Nubank Cripto has registered about 2 million users who have made at least one cryptocurrency purchase on the app.
According to Nubank, the main quest for people interested in starting their journey with cryptocurrencies is to be able to use the application and invest easily.
So the goal is for the cryptocurrency buying experience to be simple, secure, and accessible. All coins obtained, it is worth remembering, cannot be withdrawn and remain in the custody of Paxos.
“It is possible to purchase fractions of the available digital currencies starting at BRL 1.00 (one real), which are monitored by Paxos, a leading blockchain infrastructure provider that ensures the global protection of client assets by the major digital asset regulators .”
Paxos is also a partner in Brazil of Mercado Pago and PicPay, other companies in the financial sector that have released the buying and selling of cryptocurrencies over the past year.
Cryptocurrency Education Section
In addition to the ability to buy and sell cryptocurrencies, the Nubank Crypto The app also has the Crypto School.
A range of educational content about the digital currency world is collected on site. In it, the customer can access articles that explain the volatility and use cases of cryptocurrencies. There is also an explanation of the newly available Polygon and Uniswap and other major cryptocurrencies.
For example, Polygon combines speed (it allows more than 65,500 transactions per block), resulting in fewer queues and a consequent reduction in rates.
Uniswap has the distinction of being one of the first and foremost decentralized exchanges (DEX) in the world. That is, Uniswap is like a digital platform that allows you to sell and buy digital assets such as tokens, NFTs and cryptocurrencies yourself. Both Polygon and Uniswap run on the Ethereum network.
Source: Live Coins
Roy Brown is a renowned economist and author at The Nation View. He has a deep understanding of the global economy and its intricacies. He writes about a wide range of economic topics, including monetary policy, fiscal policy, international trade, and labor markets.
