Latin America’s largest stock exchange B3 (São Paulo Exchange) plans to enter the cryptocurrency market in 2022. According to InfoMoney, the site is considering the launch of a series of products, including ETF, OTC and custodian service.
The plans were announced by the president of the parent company of the platform Gilson Finkelstein during a conference with investors.
“It’s a natural decision for us to enter the unregulated cryptocurrency market. We will not become an exchange, but we are ready to offer services in quality Crypto-as-a-Service for those who intend to trade digital assets “– he noted.
The top manager mentioned the storage of cryptocurrencies, tokenization of assets, access to over-the-counter platforms, providing access to liquidity in 24/7 mode and ensuring efficiency in the placement of capital as options.
B3 also plans to launch a cryptocurrency exchange-traded fund after defining its basic component.
Recall that Brazil is the second in the world to approve a Bitcoin ETF. Subsequently, the local regulator allowed Ethereum-ETF trading.
In August, the President of the Bank of Brazil announced that he was working with the SEC to create a regulatory framework for the crypto industry.
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Latin America’s largest stock exchange B3 (São Paulo Exchange) plans to enter the cryptocurrency market in 2022. According to InfoMoney, the site is considering the launch of a series of products, including ETF, OTC and custodian service.
The plans were announced by the president of the parent company of the platform Gilson Finkelstein during a conference with investors.
“It’s a natural decision for us to enter the unregulated cryptocurrency market. We will not become an exchange, but we are ready to offer services in quality Crypto-as-a-Service for those who intend to trade digital assets “– he noted.
The top manager mentioned the storage of cryptocurrencies, tokenization of assets, access to over-the-counter platforms, providing access to liquidity in 24/7 mode and ensuring efficiency in the placement of capital as options.
B3 also plans to launch a cryptocurrency exchange-traded fund after defining its basic component.
Recall that Brazil is the second in the world to approve a Bitcoin ETF. Subsequently, the local regulator allowed Ethereum-ETF trading.
In August, the President of the Bank of Brazil announced that he was working with the SEC to create a regulatory framework for the crypto industry.
Subscribe to Cryplogger news on Telegram: Cryplogger Feed – the entire news feed, Cryplogger – the most important news, infographics and opinions
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