{"id":87710,"date":"2023-11-22T20:24:46","date_gmt":"2023-11-23T01:24:46","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/crypto\/brazils-nubank-adds-five-more-altcoin-listings\/"},"modified":"2023-11-22T20:24:48","modified_gmt":"2023-11-23T01:24:48","slug":"brazils-nubank-adds-five-more-altcoin-listings","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=87710","title":{"rendered":"Brazil\u2019s Nubank Adds Five More Altcoin Listings"},"content":{"rendered":"<div>\n<figure id=\"attachment_135256\" aria-describedby=\"caption-attachment-135256\" style=\"width: 1500px\" class=\"wp-caption alignnone\"><noscript><\/noscript><figcaption id=\"caption-attachment-135256\" class=\"wp-caption-text\">Source: Diego\/Adobe<\/figcaption><\/figure>\n<p>The Brazilian neobanking unicorn Nubank is stepping up its crypto adoption drive, adding trading capabilities for five more altcoins to its banking app.<\/p>\n<p>Per the Brazilian media outlet Livecoins, the bank added support for Polkadot (DOT), Avalanche (AVAX), Stella Lumens (XLM), Arbitrum (ARB), and Optimism (OP) on November 22.<\/p>\n<p>The bank launched crypto trading functions on its banking app in May 2022, offering its bank customers access to Bitcoin (BTC) and Ethereum (ETH).<\/p>\n<figure id=\"attachment_135258\" aria-describedby=\"caption-attachment-135258\" style=\"width: 829px\" class=\"wp-caption alignnone\"><noscript><\/noscript><figcaption id=\"caption-attachment-135258\" class=\"wp-caption-text\">Polkadot (DOT) prices over the past week. (Source: CoinMarketCap)<\/figcaption><\/figure>\n<p>It has since expanded its range of crypto offerings and earlier this year added Polygon (MATIC) and Uniswap (UNI) trading functions.<\/p>\n<p>Nubank has become one of the nation\u2019s most prominent crypto bulls, last year announcing its intention to buy Bitcoin (BTC) using its balance sheet.<\/p>\n<p>The company said it wanted to convert 1% of its available funds to Bitcoin via its holding company.<\/p>\n<p>Prominent Nubank backers include Warren Buffet, whose investment vehicle bought a $500 million stake in 2021.<\/p>\n<p>The bank launched an initial public offering in 2021, with a valuation of over $45 billion.<\/p>\n<p>It has since launched its own cryptoasset, Nucoin, which it also trades on its app, as well as a crypto-specific division named Nubank Cripto.<\/p>\n<figure id=\"attachment_135257\" aria-describedby=\"caption-attachment-135257\" style=\"width: 649px\" class=\"wp-caption alignnone\"><noscript><\/noscript><figcaption id=\"caption-attachment-135257\" class=\"wp-caption-text\">Accessing the crypto trading functions on the Nubank banking app. (Source: Nubank\/YouTube)<\/figcaption><\/figure>\n<h2>Nubank: Brazilian Bank Remaining Bullish on Crypto<\/h2>\n<p><span class=\"replacer\"><\/span><br \/>Nubank Cripto said that the altcoins had been added partly due to \u201cfeedback from users,\u201d and added:<\/p>\n<blockquote>\n<p>\u201cDiversification is seen as essential for people who are deeply interested in this form of technology.\u201d<\/p>\n<\/blockquote>\n<p>The bank is attempting to drive up interest in its new altcoin additions by offering promotional commission rates of 0.9% for the next four weeks.<\/p>\n<p>Some of Nubank\u2019s other major backers include Sequoia Capital, Tiger Global Management, and Goldman Sachs.<\/p>\n<p>Nubank is also working with the Brazilian central bank on the latter\u2019s digital real CBDC pilot project, along with a number of smaller domestic crypto players.<\/p>\n<p>Other notable domestic conventional financial services providers, such as Ita\u00fa, have also begun developing crypto interests in recent years.<\/p>\n<div class=\"newsletter home-newsletter single\">\n<div class=\"left-side\">\n<p>\n        <em><br \/>\n            Enter your email for our Free Daily Newsletter        <\/em>\n    <\/p>\n<p> A quick 3min read about today&#8217;s crypto news!<\/p>\n<p>    <span class=\"response-msg\" id=\"newsletter-response\"><\/span>\n<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>Read the full article <a href=\"https:\/\/cryptonews.com\/news\/bullish-brazilian-bank-nubank-adds-five-more-altcoins-to-banking-app.htm\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Source: Diego\/Adobe The Brazilian neobanking unicorn Nubank is stepping up its crypto adoption drive, adding trading capabilities for five more altcoins to its banking app. Per the Brazilian media outlet Livecoins, the bank added support for Polkadot (DOT), Avalanche (AVAX), Stella Lumens (XLM), Arbitrum (ARB), and Optimism (OP) on November 22. The bank launched crypto [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":87711,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[243],"tags":[83],"class_list":["post-87710","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto","tag-featured"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Brazil\u2019s Nubank Adds Five More Altcoin Listings | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Source: Diego\/Adobe The Brazilian neobanking unicorn Nubank is stepping up its crypto adoption drive, adding trading capabilities for five more altcoins\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=87710\" \/>\n<meta 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