According to a recent news by Bloomberg, Grupo XP, that also owns brokerage company XP Investimentos, plans to launch the platform within the “coming months,” the news supply aforementioned, adding it’ll support commerce in Bitcoin [BTC] and Ethereum [ETH].
However, despite this notable move, the companyseemsa bitreluctant to dip their toewithin thecrypto ecosystem.
Speaking ata conferencein ‘Sao Paulo’, the company’s executive officer ‘Guilherme Benchimol,’ mentioned:
“Ishouldconfess,this isa themei wouldratherdidn’texist,butitdoes.We felt obligatedto start outadvancingwithin thismarket.”
Benchimol was further quoted adding that the companycreatedthe choiceto launch the exchange – named XDEX –as threemillion or so Brazilians already own some crypto currencies, while fewer, around 600,000, have holdings in stocks.
This move by ‘Grupo XP’ comesas theecosystemfor crypto exchangeswithin thecountry may be about to ease.
Brazil’santitrustwatchdogaforementionedin the weekthatit’sinvestigatingwhether or notmajor bankswithin thecountry workedalongto halt services to digital currency-focusedcompanies.
As previously reported earlier,the AdminCouncil for Economic Defenseaforementionedit had been investigatingthe Banco doBrasil, Banco SantanderBrasil, BancoInter along with others forshuttingdown crypto platforms’ accounts.