Reportedly, Biggest Brokerage In Brazil Occupied On OTC Bitcoin Brokerage
From across the globe, the OTC biotin trading market seems to be catching the attention of large banks and brokers, that desire to safeguard a portion of these increasing market “for themselves,” as reported by Newsbitoin.com.
The newest firm that may form a brokerage precisely for this sector, is originally from the “biggest economy in South America,” as indicated by Newsbitoin.com.
New Venture in cryptocurrency space by XP Investimentos SA
In Brazil the biggest securities brokerage operator, the financial services firm XP Investimentos SA is currently occupied on a new initiative in the virtual currency sector. The firm applied for a patent in connection with the XP Bitcoin brand, as its premier entry into the digital currency ecosystem, as reported by news.bitcion.com back in October 2017. Currently, the firm has been found responsible for the formation of the newly registered company known as XDEX Intermediacao.
The services offered by the new brokerage are unknown as of now due to the non-existence of remarks by the group in connection with this new firm. Nevertheless, an anonymous source stated that the operations of XDEX will be found in the “over-the-counter market,” which indicate stress on circulations of big amounts of fiat and bitcoin transaction dealings.
Soon the largest Brazilian bank will be directly linked to the virtual currency sector as a result of the importance of XP investimentos entry into the OTC bitcoin industry. Recently, Itau Unibano Holding SA has intentions to purchase a 49.9 percent stake in XP’voting capital for about $1.7 billion and a 74.9 percent stake in the financial services firm.
Universities set to launch courses in digital currencies, Possibly a Master’s degree program too!!!
In Brazil, bitcoin popularity has risen steadily as indicated by some recent interesting illustrations. Universities in Brazil have been subjected to offer courses in virtual currencies amongst them a masters degree program by business an economic students. The total number of people registered on the Sao Paulo Stock Exchange is less than the number of investors in bitcoin found in Brazil respectively.
Earlier this month, news.bitcoin.com reported that major players in the virtual currency sector have established a self-owned network for worldwide OTC transactions worth billions each month in their own platform. They utilize close massive deals on skype rather that using structures that normally employ trades on Wall Street.
As Brazil is a huge economic superpower in South America with an estimated GDP of $2-$3 trillion, finding investors by the brokerage o a population of about 208 million people should not be difficult.
