Brazil's Largest Private Bank Itau Unibanco Launches Bitcoin Trading

Brazil’s financial landscape witnessed a seismic shift as Itaú Unibanco, the nation’s largest private bank, announced its foray into the world of cryptocurrency trading Monday, introducing a service that allows its customers to engage in buying and selling Bitcoin and Ether via its ion investment platform.

Marking a significant move for a traditional banking institution, Itau follows newer financial entities like Nubank and BTG Pactual, both of which have integrated such offerings for their clientele. 

Initially, Itaú’s customers will have access to trade in Bitcoin and ether, the primary cryptocurrency of the Ethereum network. However, the rollout of this service will be gradual, with…

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