CoinTelegraph
Itaú Unibanco, Brazil’s largest private bank, has formalized crypto trading and custody under new central bank rules. It is the first bank to do so, according to the seed.
Why it matters
The move brings crypto trading and custody into a major Brazilian bank’s formal offering, a notable step for institutional adoption in the country. The new rules provide the regulatory context for Itaú’s services.
Market impact
Itaú offers 15 assets: BTC, ETH, SOL, XRP, USDC, LINK, LTC, AAVE, AVAX, POL, BCH, UNI, OP, ARB and PAXG. The lineup spans major cryptocurrencies, stablecoin USDC and tokenized-gold asset PAXG, giving customers access to a broad range of crypto assets through the bank.
Frequently asked questions
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What crypto services has Itaú formalized under Brazil’s new rules?
Itaú Unibanco has formalized crypto trading and custody under new central bank rules.
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How many crypto assets does Itaú offer?
The bank offers 15 assets, including BTC, ETH, SOL, XRP, USDC, LINK, LTC, AAVE, AVAX, POL, BCH, UNI, OP, ARB and PAXG.
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Which stablecoin is included in Itaú’s crypto offering?
USDC is among the 15 assets offered by the bank.
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Does Itaú’s offering include an asset linked to gold?
Yes. The lineup includes PAXG, a tokenized-gold asset.
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Why is Itaú’s move notable for Brazilian crypto adoption?
Itaú is Brazil’s largest private bank and the first bank to formalize crypto trading and custody under the new central bank rules.
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