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The partnership will expand the exchange’s presence in the region, and extend BTG Pactual’s crypto expertise.
Crypto exchange Crypto.com and BTG Pactual, the largest investment bank in Latin America, have entered into a strategic partnership aimed at expanding crypto services across the region. According to a Feb. 27 announcement, the collaboration will initially focus on the listing of BTG Pactual’s proprietary stablecoin, BTG DOL, on Crypto.com’s platform.
BTG DOL, launched in April 2023, is the world’s first dollar-backed stablecoin developed with banking expertise, offering a bridge between traditional finance and the digital economy. The partnership plans to promote BTG DOL as a viable token for trading pairs with major crypto, including Bitcoin (BTC) and Ethereum (ETH).
“BTG Pactual is a true pioneer in seeing the potential of traditional finance and digital finance collaboration,” said Eric Anziani, President and Chief Operating Officer of Crypto.com. “We at Crypto.com share BTGs vision of innovating financial technology responsibly to empower the economy. We are incredibly proud and excited to partner with BTG, and to help broaden accessibility to the emerging digital economy in a significantly high potential region.”
Crypto.com obtained a Payment Institution License from the Central Bank of Brazil in 2022 and has offered its pre-paid card charged with crypto services in the country since November 2021. Although the announcement doesn’t make it clear, it is possible that BTG DOL would be available for use through Crypto.com’s card.
“BTG Pactual has consistently been at the forefront of integrating crypto technology into the traditional financial markets, demonstrating our commitment to innovation and excellence. This announcement represents another step on this journey, providing our clients with unparalleled access to the evolving digital asset landscape,” concludes Andre Portilho, Partner and Head of the Digital Assets Unit of BTG.
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