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HomeCrypto NewsExchangesLatin America's Largest Stock Exchange B3 Plan Enter Crypto Market By Launching Bitcoin Related ETFs, OTC, And Custodian Services

Latin America’s Largest Stock Exchange B3 Plan Enter Crypto Market By Launching Bitcoin Related ETFs, OTC, And Custodian Services

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Latin America’s (Brazil) largest stock exchange B3 (São Paulo Exchange) plans to enter the cryptocurrency market in 2022.



According to InfoMoney, the exchange is considering launching a series of products, including Bitcoin and Crypto-related ETFs, OTC, and custodian services.

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The plans were announced by the president of the company, Gilson Finkelstein, during a conference with investors.

“It’s a realistic decision for us to enter the unregulated cryptocurrency market. We will not become an exchange, but we are ready to offer Crypto-as-a-Service for those who intend to trade digital assets.”

The top manager mentioned the storage of cryptocurrencies, tokenization of assets, access to over-the-counter platforms, providing access to liquidity in 24/7 mode, will be the primary services B3 will be providing.

B3 also plans to launch Bitcoin exchange-traded fund (ETF) after defining its basic components.

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Recall that Brazil is the second in the world to approve a Bitcoin ETF and also allowed Ethereum-ETF trading.

In August, the President of the Bank of Brazil announced that he was working with the Brazil SEC to create a regulatory framework for the crypto industry.

Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

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Ammara
Ammarahttps://thecryptobasic.com/
Ammara Mubin is a cryptocurrency reporter and trader with vast experience in the industry. Mubin has written several news stories related to the crypto industry, including non-fungible tokens (NFTs), decentralized finance (DeFi), fundraising, mining, etc. Her major focus is covering regulatory events that are capable of shaping the entire crypto ecosystem.

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