BTG Pactual broker announces list of new cryptocurrencies

Mynt, BTG Pactual’s cryptocurrency investment brokerage, has just hit 22 options for instant trading through the app, adding 8 new currencies and their pairs for traders.

In a statement this Thursday (9), the broker indicates that investors can trade: Cosmos (ATOM), Avalanche (AVAX), Algorand (ALGO), Stellar (XLM), ApeCoin (APE), MakerDAO (MKR), Synthetix ( SNX) and Quant (QNT).

All options are now available for negotiation and contributions start at R$100.00.

Robust Cryptocurrency Portfolio to Serve Customers, Says BTG Executive

With options for Bitcoin, Ethereum and 20 other cryptocurrencies, including some stablecoins, Mynt positions itself as a multi-peer broker. It is worth remembering that unlike other banks that support cryptocurrencies, BTG Pactual already allows withdrawals from its platform.

For André Portilho, Head of Digital Assets at BTG Pactual, the new strengthening of quotes makes the portfolio offered to traders even more robust.

“With this major strengthening of new cryptos, we have made our portfolio even more robust and diversified, expanding client choice into assets that make the most sense for their portfolio. Everything always combined with a lot of financial education and clear information about each asset, its positions and growth opportunities, so that the investor chooses the best path.”

Among the new features is Avalanche (AVAX), a smart contract platform that allows the creation of decentralized applications, public and private blockchains, and custom assets.

Another highlight among the new cryptos is Cosmos (ATOM), a smart contract platform focused on interoperability, i.e. being the connection between different blockchains and creating tailor-made networks.

BTG Pactual manager oversees Real Digital’s work

Last week, while participating in the LIDE NEXT event, Andé Portilho also gave his vision on the arrival of the digital Real in Brazil. The central bank’s digital currency, CBDC, should be ready in the country by the end of 2024.

According to him, the digital Reality has a very large transformation potential. One of the expected benefits is the potential to reduce transaction costs and make the market more efficient.

During his speech, André emphasized that the use of blockchain by regulators is a positive initiative for the market. This is because companies can rely on a regulated structure to create innovations.

“Our regulators understand the technology and have been able to figure out how it can benefit our already highly sophisticated financial sector. Then we came in the wake of PIX, Open Finance, and now with the digital Real thing, and this new blockchain-based infrastructure, we see it with very good eyes. And especially because it goes hand in hand with a positive attitude from the regulators. When you have a new technology, it’s very important that you have a regulatory body, firstly that understands the technology, and secondly that creates a regulatory environment that allows the market to innovate, to bring solutions, the market that needs solutions but in a regulated manner, without undue risk to the financial system as a whole.”

Source: Live Coins