The cryptocurrency division of Nubank Cripto, Latin America’s largest digital bank, has launched two new call and put options for its 67 million customers, it announced Tuesday (20).
Previously, bank customers were only available to buy Bitcoin (BTC) and Ethereum (ETH).
By joining a Nubank account, customers can buy and sell cryptocurrencies, although withdrawals and deposits are not yet released to investors.
Nubank Crypto releases two new Buy and Sell options
According to a statement sent to Livecoins, Nubank stated that it is taking another step towards democratizing cryptocurrency adoption in Latin America.
This is because the Nubank Crypto platform now also has Polygon (MATIC) and Uniswap (UNI) on the shelf for investors.
Since its launch, Nubank Crypto has registered around 2 million users who have purchased at least one cryptocurrency in the app.
According to Nubank, the main search is for people who are interested in starting their journey with cryptocurrency so that they can use the app and invest easily.
Thus, the goal is for the cryptocurrency buying experience to be simple, secure, and accessible. It is worth noting that all coins obtained cannot be withdrawn and remain in the custody of Paxos.
“It is possible to purchase fractions of digital currencies available from R$1.00 (one real), which are guarded by Paxos, a leading provider of blockchain infrastructure that ensures global protection of customer assets by the main regulators of digital assets.”
Paxos is also a partner in Brazil of Mercado Pago and PicPay, two other companies in the financial sector that, last year, released the buying and selling of cryptocurrencies.
Cryptocurrency education section
In addition to the possibility of buying and selling cryptocurrencies, the Nubank Crypto The app also contains coding school.
On the site, a series of educational content about the world of digital currencies is compiled. In it, the customer can access articles that explain the volatility and use cases of cryptocurrencies. There are also explanations about the newly available Polygon, Uniswap, and other major cryptocurrencies.
For example, Polygon combines speed (allowing more than 65,500 transactions per block), which results in fewer queues and thus lower fees.
Uniswap stands out for being one of the first and most important decentralized exchanges (DEX) in the world. That is, Uniswap is like a digital platform through which digital assets, such as tokens, NFTs, and cryptocurrencies themselves, can be bought and sold. Polygon and Uniswap both run on the Ethereum network.