The Brazilian bank BTG Pactual announced the launch, between October and December, of a new platform called Mynt, with which users will be able to carry out transactions with cryptocurrencies. Mynt “will offer the direct purchase and sale of Bitcoin (BTC) and Ethereum (ETH).”
At the beginning, the platform will only offer the two main cryptocurrencies on the market, but they estimate to gradually include the rest of the cryptos. This was reported by André Portilho, who works as director of digital assets for the largest investment bank in Latin America. “We are a complete bank. Here you consolidate your investments, you have a checking account, a card and now crypto”.
This initiative is a consequence of the demand that clients have been making to the financial institution. “We are always following new trends in technology and investments in the world and attentive to the demands of our clients. BTG understood that there was a great opportunity […] in the world of cryptocurrencies. Mynt comes to fill it, offering functionality with security and quality of service. All with the solidity and credibility of the largest investment bank in Latin America,” highlighted Portilho.
Mynt, in addition to trading cryptocurrencies, will offer “content with the aim of educating and informing customers about this new technology.”
Although the exact date that the service will come into effect is not yet available, the platform is already available on the institution’s website and all those who are interested in venturing into the crypto market can register and that way they will have priority at the time of inauguration. In addition, they will be able to participate “for free in a master class on how to start investing in the cryptocurrency market.”
BTG Pactual has carried out some activities focused on digital assets. In April it launched the first exchange-traded fund (ETF) for cryptocurrencies in Brazil, in alliance with the firm Hashdex. Later, in May, “the institution launched BTG Pactual Bitcoin 100 FIC FIM IE, the first investment fund of a Brazilian bank with allocation of up to 100 % in Bitcoin.” The Brazilian financial institution, with this new platform, deepens its strategy to penetrate the cryptocurrency sector.