{"id":66208,"date":"2023-12-04T10:43:40","date_gmt":"2023-12-04T14:43:40","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=66208"},"modified":"2023-12-04T10:43:44","modified_gmt":"2023-12-04T14:43:44","slug":"brazillian-bank-itau-unibanco-reportedly-launches-crypto-trading","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/brazillian-bank-itau-unibanco-reportedly-launches-crypto-trading\/","title":{"rendered":"Brazillian Bank Itau Unibanco Reportedly Launches Crypto Trading"},"content":{"rendered":"\n<p>According to Reuters, Brazilian bank Itau Unibanco has launched a<a href=\"https:\/\/coinscreed.com\/staging\/okx-launches-crypto-exchange-web3-wallet-services-in-brazil.html\" target=\"_blank\" rel=\"noreferrer noopener\"> crypto trading service<\/a> for its clients as part of its investment platform.<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter size-large\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"631\" src=\"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/12\/image-6-1024x631.png\" alt=\"Brazillian Bank Itau Unibanco Reportedly Launches Crypto Trading\" class=\"wp-image-66217\" srcset=\"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/12\/image-6-1024x631.png 1024w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/12\/image-6-300x185.png 300w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/12\/image-6-768x473.png 768w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/12\/image-6-18x12.png 18w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/12\/image-6-750x462.png 750w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/12\/image-6.png 1086w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Brazillian Bank Itau Unibanco Reportedly Launches Crypto Trading<\/figcaption><\/figure>\n\n\n\n<p>According to digital asset head Guto Antunes, Itau, the largest bank in Brazil by assets and one of the foremost lenders in Latin America, is launching cryptocurrency trading with Bitcoin and Ether. He noted that the bank intends to incorporate additional cryptocurrencies for trading in the future.<\/p>\n\n\n\n<p>As the cryptocurrency custodian for the crypto trading service, Itau Bank will be responsible for storing <a href=\"https:\/\/coinscreed.com\/staging\/spanish-citizens-to-declare-foreign-crypto-assets-by-march-2024.html\" target=\"_blank\" rel=\"noreferrer noopener\">crypto assets <\/a>on behalf of its clients. According to Antunes, Itau customers will only be able to deposit or withdraw cryptocurrency with external crypto wallets after some time. His statement read:<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cThe most important thing is that when you keep your money in the bank account, you will have the guarantee of Itau\u2019s balance sheet as security for the amounts invested.\u201d<\/em><\/p>\n<\/blockquote>\n\n\n\n<p>Itau Unibanco, BTG Pactual, and Santander Brasil, among the largest lenders in Brazil, are reportedly increasing staffing levels and allocating additional resources in anticipation of the nationwide introduction of the Drex, a <a href=\"https:\/\/www.bcb.gov.br\/en\/financialstability\/faq_digital_real#:~:text=%E2%80%8BThe%20Digital%20Brazilian%20Real,of%20representing%20the%20Brazilian%20Real.&text=%E2%80%8BAn%20established%20guideline%20for,the%20banking%20and%20payments%20system.\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">digital Brazilian Real<span class=\"wpil-link-icon\" title=\"Link goes to external site.\" style=\"margin: 0 0 0 5px;\"><svg width=\"24\" height=\"24\" style=\"height:16px; width:16px; fill:#000000; stroke:#000000; display:inline-block;\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:svg=\"http:\/\/www.w3.org\/2000\/svg\"><g id=\"wpil-svg-outbound-7-icon-path\" fill=\"none\" clip-path=\"url(#clip0_31_188)\">\r\n                            <path d=\"M9.16724 14.8891L20.1672 3.88908\" stroke-linecap=\"round\"\/>\r\n                            <path d=\"M13.4497 3.53554L20.5208 3.53554L20.5208 10.6066\" stroke-linecap=\"round\" stroke-linejoin=\"round\"\/>\r\n                            <path d=\"M17.5 13.5L17.5 16.26C17.5 17.4179 17.5 17.9968 17.2675 18.4359C17.0799 18.7902 16.7902 19.0799 16.4359 19.2675C15.9968 19.5 15.4179 19.5 14.26 19.5L7.74 19.5C6.58213 19.5 6.0032 19.5 5.56414 19.2675C5.20983 19.0799 4.92007 18.7902 4.73247 18.4359C4.5 17.9968 4.5 17.4179 4.5 16.26L4.5 9.74C4.5 8.58213 4.5 8.0032 4.73247 7.56414C4.92007 7.20983 5.20982 6.92007 5.56414 6.73247C6.0032 6.5 6.58213 6.5 7.74 6.5L11 6.5\" stroke-linecap=\"round\"\/>\r\n                        <\/g>\r\n                        <defs>\r\n                            <clipPath id=\"clip0_31_188\">\r\n                                <rect fill=\"white\" height=\"24\" width=\"24\"\/>\r\n                            <\/clipPath>\r\n                        <\/defs><\/svg><\/span><\/a>. <\/p>\n\n\n\n<p>Itau purportedly introduced digital asset custody earlier this year, and 85 percent of its clients were interested in keeping their cryptocurrencies with the bank, according to Antunes.<\/p>\n\n\n\n<p>Approximately one month has passed since two regional participants declared their intention to exit the cryptocurrency industry. Reuters reports that XP Investimentos, a brokerage and <a href=\"https:\/\/coinscreed.com\/staging\/dutch-investment-firm-raises-120m-in-funding-round.html\" target=\"_blank\" rel=\"noreferrer noopener\">investment firm<\/a>, recently terminated its cryptocurrency services without explaining. <\/p>\n\n\n\n<p>Conglomerate J&F, which also controls meatpacker JBS, reportedly cited regulatory uncertainties for the cessation of crypto operations at financial services firm PicPay.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to Reuters, Brazilian bank Itau Unibanco has launched a crypto trading service for its clients as part of its investment platform. According to digital asset head Guto Antunes, Itau, the largest bank in Brazil by assets and one of the foremost lenders in Latin America, is launching cryptocurrency trading with Bitcoin and Ether. He [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":66217,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[1461,135,17458],"class_list":["post-66208","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-brazil","tag-crypto-trading","tag-itau-unibanco"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/12\/image-6.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/66208","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=66208"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/66208\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/66217"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=66208"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=66208"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=66208"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}