• Sun. Apr 14th, 2024

Crypto.com teams up with BTG Pactual for BTG Dol stablecoin listing

  • Crypto.com partners with BTG Pactual to list BTG Dol stablecoin in Latam.
  • The collaboration aims to bridge traditional banking with the crypto market.
  • BTG Dol is to be traded against BTC and ETH on the Crypto.com platform.

According to a recent announcement, Singapore-based Crypto Exchange, Crypto.com, has joined forces with BTG Pactual, Latam’s leading investment bank, to expand cryptocurrency accessibility in the region.

The collaboration focuses on listing BTG Dol, BTG Pactual’s dollar-pegged stablecoin, on Crypto.com’s platform, facilitating seamless trading against major cryptocurrencies like Bitcoin and Ethereum.

Expanding Latam’s crypto reach

The Crypto.com and BTG Pactual strategic alliance aims to bridge the gap between traditional banking and the burgeoning crypto market.

By listing BTG Dol, BTG Pactual’s stablecoin, on Crypto.com’s platform, both institutions seek to facilitate easier access to digital assets for customers in the region.

BTG Dol trading pairs on Crypto.com

The collaboration also entails the establishment of trading pairs between BTG Dol and significant cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH). This move is geared towards promoting BTG Dol as a viable medium for transactions between traditional finance and the crypto sphere.

Andre Portilho, Partner and Head of the Digital Assets Unit at BTG Pactual highlighted the importance of providing customers with unparalleled access to the evolving digital asset landscape, emphasizing the significance of this initiative in expanding crypto adoption in Latin America.

Since its foray into the cryptocurrency sector in 2022, BTG Pactual has been actively exploring avenues to integrate digital assets into its offerings. The issuance of BTG Dol in 2023 marked a significant milestone, positioning BTG Pactual as one of the first institutions to introduce a bank-issued stablecoin in the region.

With this latest partnership with Crypto.com, BTG Pactual continues to spearhead innovation in the finance industry, catering to the evolving needs of its clientele.

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