The parent company of Brazil's largest independent broker is setting up a cryptocurrency exchange, Bloomberg reported Thursday.
Grupo XP, which owns brokerage firm XP Investimentos, plans to launch the platform in the "coming months," the news source said, adding it will support trading in bitcoin and ethereum.
However, despite the notable move, the firm seems a little reluctant to dip their toe in the crypto waters.
Speaking at an event in Sao Paulo, the firm's executive officer, Guilherme Benchimol, said:
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