• Advertise
  • Submit a Press Release
  • Contact Us
Blockchain & Cryptocurrencies Tabloid
  • Finance & Blockchain News
  • Bitcoin News
    powell gazes at bitcoin art

    Jerome Powell Labels Bitcoin a Digital Gold Competitor

    powell financial optimism art

    Powell Likens Bitcoin to Digital Gold, Sparks Market Activity

    opulent businessman oil painting

    Ricardo Salinas Pliego Allocates 80% Wealth to Bitcoin

    ricardo salinas digital visionary

    Ricardo Salinas Pliego Allocates 80% Wealth to Bitcoin

    ricardo salinas bitcoin visionary

    Ricardo Salinas Pliego Increases Bitcoin Holdings to 80%

    max keiser bitcoin forecast art

    Max Keiser Predicts Bitcoin Surge to $2.2 Million by 2025

  • Altcoin News
    • All
    • Bitcoin Cash
    • Cardano
    • EOS
    • Ethereum
    • Litecoin
    • Monero
    • Ripple
    • Stellar
    ethereum investor reflective art

    Ethereum Investor Loses $1.54M in EIP-7702 Scam

    futuristic hong kong skyline

    China Renaissance Invests $100M in Binance Coin

    evening cityscape oil painting

    China Renaissance to Invest $100M in BNB Ecosystem

    dynamic investment innovation art

    China Renaissance to Invest $100 Million in Binance’s BNB

    modern cityscape growth innovation

    China Renaissance Invests $100M in BNB

    futuristic financial cityscape

    China Renaissance Invests $100M in Binance Coin

    Trending Tags

    • Ethereum
    • Bitcoin Cash
    • Litecoin
    • Monero
    • Ripple
  • Crypto 101
    • All
    • Cryptocurrencies
    • Exchanges
    • Services
    • Wallets
    Benefits Of Choosing the Right AI Trading Bot

    4 Benefits Of Choosing the Right AI Trading Bot

    Crypto Trading

    A Beginner’s Guide to Crypto Trading: Unlocking the World of Digital Coins

    BitcoinGames.com

    BitcoinGames.com Introduces the Ultimate Casino Gaming Experience with Bitcoin

    How AI is Helping Athletes and Fans Get the Most out of the Game

    From Training to Judging, AI is Entering the Ring

    Top 5 Websites for Buying Gift Cards with Crypto

    Clutch Savours – Gift Certificates You Can Buy with Crypto

    Layer 2 Blockchains

    Everything You Need To Know About Layer 2 Blockchains

  • Blockchain Events
No Result
View All Result
Blockchain & Cryptocurrencies Tabloid
No Result
View All Result

Brazil’s Largest Independent Brokerage to Launch Ethereum and Bitcoin Exchange

Solomon M. by Solomon M.
September 22, 2018
in Ethereum, Exchanges, Latest News
720px Flag of Brazil.svg

A Brazilian-based investment giant (Group XP), which owns a financial service firm called XP Investimentos, is set to dip its toes into the crypto waters. The independent broker-dealer is reportedly going to launch an Ethereum and Bitcoin exchange in the next few months, according to popular news outlets.

Guilherme Benchimol, the CEO of Group XP, told Bloomberg that the company will unveil a cryptocurrency exchange called XDEX in the coming days. XDEX was initially registered as XP COIN Intermediacao in August last year. Towards the end of 2017, however, it rebranded to XDEX.

The group has apparently been researching the crypto market and has allegedly set a goal to raise 1 trillion Brazilian Real ($245 billion) by 2020, which is nearly four times what the firm intends to raise by the end of 2018. Moreover, the financial giant will launch its own bank in the next five months or so.

Benchimol was also quoted saying that the company is being pushed into the cryptocurrency space by the popularity of digital assets among investors spread across the world. According to him, approximately 3 million Brazilians have exposure to cryptocurrencies like Ethereum and Bitcoin, compared to only 600,000 that have holdings in stocks.

“I must confess, this is a theme I’d rather didn’t exist, but it does,” he said. “We felt obligated to start advancing in this market.”

However, the exchange will not be part of the company’s other brokerage businesses. It will be managed by Thiago Maffra and will have 40 employees.

Earlier this week Brazilian government launched a probe into several major financial institutions, regarding the alleged violation of power in the market and for practicing monopoly into the crypto market. Brazil’s Administrative Council for Economic Defense (CADE) released a statement saying that six major national banks imposed restrictions or closed the accounts of brokerage trading in cryptocurrencies.

In the past, Brazil’s central bank chief Ilan Goldfajn took a harsh position towards cryptocurrencies, comparing them to a Ponzi scheme.

Tags: crypto marketcryptocurrency exchangeEthereum
Previous Post

Ripple (XRP) Starts the Altcoin Bull Run

Next Post

Ethereum (ETH) Reclaims Its Position from Ripple (XRP)

Solomon M.

Solomon M.

Related Posts

worried ethereum investor art

Ethereum Investor Loses $1.54M in Phishing Scam

by Solomon M.
August 24, 2025

Ethereum investor suffers $1.54 million loss in phishing attack exploiting EIP-7702.

distressed ethereum investor art

Ethereum Investor Loses $1.5M in EIP-7702 Scam

by Adriana M.
August 24, 2025

Ethereum investor's $1.5M scam loss via EIP-7702 highlights security vulnerabilities.

distressed ethereum investor art

Ethereum Investor Loses $1.5M in EIP-7702 Scam

by Solomon M.
August 24, 2025

Ethereum investor scammed of $1.5 million exploiting EIP-7702 features, impacting wrapped ETH and BTC.

futuristic crypto cityscape oil

China Renaissance to Invest $100M in BNB

by Solomon M.
August 24, 2025

China Renaissance signs MoU for $100M investment in BNB, marking significant crypto adoption by Hong Kong-listed firm.

high tech finance discussion art

China Renaissance to Invest $100M in BNB Ecosystem

by Adriana M.
August 24, 2025

China Renaissance to invest $100M in Binance Coin and BNB Chain, marking a precedent for Hong Kong firms.

mark carney ukraine visit 2025

Mark Carney Visits Ukraine on Independence Day

by Adriana M.
August 24, 2025

Mark Carney, Canada's PM, visits Ukraine for Independence Day, reinforcing Canadian support amidst the Russia conflict.

We Recommend

Top Rated Casinos
Bitstarz Casino

BitcoinCasino.io
Top Crypto Betting
1xBit.com
Top Rated Exchanges
Binance Exchange

Bityard.com
Top Advertising Services
Coinzilla Display Network
Top Crypto Wallets
Ledger Nano X

  • Terms and Conditions
  • Privacy Policy
  • Advertise
  • About Us
  • Contact Us

© 2018-2019 theccpress.com by Brantell Media.

No Result
View All Result
  • Finance & Blockchain News
  • Bitcoin News
  • Altcoin News
  • Crypto 101
  • Blockchain Events

© 2018 - 2019 theccpress.com, a Brantell Media project.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.