SAO PAULO (Reuters) - Brazilian brokerage XP Inc expects to open its digital assets trading platform to clients by mid-August, initially offering bitcoin and ether but with plans to expand it by the end of this year, the company's director of financial products said.
Lucas Rabechini told Reuters in an interview that clients with an "adequate investment profile for such operations" will be allowed into the Xtage platform, now just open to employees, starting next month.
XP currently has 3.6 million customers, but said crypto trading will comply with eligibility rules such as the amount of risk each client is willing to take.
Rabechini also said that "by the end of December and the beginning of next year" there will be an additional 10 cryptoassets available for trading.
Digital currencies have been in the eye of the storm recently as crypto giants such as Celsius and Voyager have collapsed, and bitcoin has lost roughly 50% of its value so far this year. Such shockwaves, however, did...
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