XP Inc launches BTC and ETH trading

With 3.6 million users, the Brazilian brokerage giant is launching a cryptocurrency trading capability following Nubank and MercadoLibre.

Cryptocurrency trading platform XTAGE from Brazil will attract a potential 3.6 million users to the cryptocurrency markets. This was revealed yesterday from a post on NASDAQ's Twitter account.

As stated, for now, the ability to trade cryptocurrencies will only be possible via Bitcoin and Ether. Although back in May, it reported plans to "support other digital assets and crypto-asset-based investment products in the future".

Developed in partnership with major US exchange Nasdaq and cryptocurrency firm BitGo, XTAGE is fully integrated into the XP ecosystem, allowing users to make crypto transactions through an existing application. 

Built on Nasdaq trading technology, XTAGE also has integration with MetaTrade 5, enabling the integration of financial instruments such as stocks and forex.