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Crypto.com has announced a major partnership with BTG Pactual, the biggest investment bank in Latin America.
The collaboration aims at advancing the crypto banking ecosystem in the region, the companies said in an announcement on February 27.
As part of the partnership, Crypto.com is set to list BTG DOL, a stablecoin issued by BTG group and pegged 1:1 to the US dollar. The stablecoin launched in April last year and provides for reliable interaction between crypto and the traditional financial system.
Crypto.com, BTG Pactual to promote crypto adoption
In today’s announcement, Crypto.com acknowledged the important role its alliance with BTG will play in the overall adoption of crypto in Latin America.
According to the exchange, joining forces with BTG will see the two work together to promote BTG DOL as a crypto trading pair. This will include adding trading pairs for top coins, including BTC and ETH.
The companies hope the partnership will lay the foundation that will catalyse further growth for the digital economy across Latin America.
“BTG Pactual is a true pioneer in seeing the potential of traditional finance and digital finance collaboration,” Eric Anziani, President and Chief Operating Officer of Crypto.com, said in a statement.
According to Anziani, Crypto.com shares BTG Pactual’s vision that is focused on advancing financial technology with innovations that help empower the community.
Andre Portilho, partner and head of the digital assets at BTG, said the collaboration marks another step in the journey to offer the bank’s clients further access to the digital asset economy.
Crypto.com’s partnership with the Latin America-based investment banking giant adds to the crypto company’s growing footprint in the region. The exchange launched its Crypto.com Visa Card in Brazil in 2021.
In 2022, it secured the Payment Institution License (EMI) from Brazil’s central bank.
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