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#ContentMining Brazilian bank Itaú Unibanco has reportedly launched a cryptocurrency trading service for its clients as part of its investment platform.
Brazilian bank Itaú Unibanco has launched a cryptocurrency trading service for its clients as part of its investment platform, Reuters reported on Dec. 4.
Itaú, the largest bank by assets in Brazil and one of the leading lenders in Latin America, is debuting crypto trading with Bitcoin and Ether, digital asset head Guto Antunes reportedly said. In the future, the bank plans to add more cryptocurrencies for trading, he noted.
Itaú Bank will serve as the cryptocurrency custodian for the crypto trading service, meaning that it will store crypto assets for its clients. Antunes reportedly noted that initially, Itaú clients will not be able to deposit and withdraw cryptocurrency using external crypto wallets.