Brazil has emerged as a dominant force in the LATAM cryptocurrency space, leading with a trading volume of $6B in 2024. Ripple, a significant player in the digital currency realm, has chosen the XRP Ledger to launch the Brazilian Real
Stablecoin. Meanwhile,
Bitcoin has displayed a strong correlation with equities, as Brazil's 4-month trading volume reached a whopping $6 billion. Popular cryptocurrency exchange,
Binance, has added new trading pairs and offered zero fee trading promotions for Argentine, Brazilian, and South African currencies, boosting Bitcoin and Ether trading volumes. Other significant events include the imminent rollout of Brazil's Central Bank's Digital BRL, and KuCoin supporting BRL transfers via PIX leveraging new Brazilian Central Bank Policy- thus reinforcing Brazil's burgeoning presence in the cryptocurrency market. Recently, OKX launched their New
Crypto Exchange and Web3 Wallet in Brazil. In the midst of all these developments, BRL faces underperformance driven by various factors. Coinbase, yet another giant in the cryptocurrency exchange spectrum, has marked its entrance into the Brazilian market, partnering with the Pix Payment App.
BRL Coin News Analytics from Wed, 02 Jul 2008 07:00:00 GMT to Wed, 03 Jul 2024 07:00:00 GMT -
Rating 8
- Innovation 7
- Information 9
- Rumor -4
