Brazil's XP launches crypto exchange

Brazil's XP launches crypto exchange

Game-Changers Brazil

Brazilian brokerage house XP Investimentos on Tuesday launched its cryptocurrency exchange Xdex, a digital currency initiative that will sit separately from the company's core business. XP said crypto-assets needed to be separated from the brokerage area of the business because they are not considered securities. Xdex will complete bitcoin-related transactions with no fees while ethereum-linked assets will be charged a 0.25% fee. XP registered for a bitcoin brand in October last year and a month

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial