Share this article
Digital Bank Revolut Now Offering Crypto Investments in Brazil
Revolut is making its first foray into Latin America, attempting to tap into Brazil's growing demand for crypto assets
Updated Mar 8, 2024, 4:52 p.m. Published May 2, 2023, 11:05 a.m.
Digital bank Revolut, which already offers crypto investments across Europe, is now open for business in Brazil.
Revolut is making its first foray into Latin America, attempting to tap into Brazil's growing demand for crypto assets, the bank said in an emailed announcement on Tuesday.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Crypto users in Brazil number some 10 million, according to Revolut's announcement.
"Our mission is to unlock a borderless economy with financial products that are accessible and easy to use and that allow our customers to use their money efficiently," CEO Nik Stronsky said. "We will start with the global account and crypto investments, but this is just the beginning."
Revolut has around 29 million customers worldwide and is looking to carve out a share in Latin America's most populous country, where digital bank Nubank is entrenched as the market leader with around 70 million customers. Nubank introduced crypto trading last June, hitting 1 million users only a month later.
Read More: Brazilian Investment Bank BTG Pactual Unveils Dollar-Backed Stablecoin
More For You
L1 tokens broadly underperformed in 2025 despite a backdrop of regulatory and institutional wins. Explore the key trends defining ten major blockchains below.
What to know:
2025 was defined by a stark divergence: structural progress collided with stagnant price action. Institutional milestones were reached and TVL increased across most major ecosystems, yet the majority of large-cap Layer-1 tokens finished the year with negative or flat returns.
This report analyzes the structural decoupling between network usage and token performance. We examine 10 major blockchain ecosystems, exploring protocol versus application revenues, key ecosystem narratives, mechanics driving institutional adoption, and the trends to watch as we head into 2026.
More For You
Tensions over El Salvador's bitcoin holdings ease as IMF praises economic progress
The Central American country’s economy is projected to grow 4% this year, the IMF said.
What to know:
- The IMF praised El Salvador's stronger-than-expected economic growth and progress in bitcoin-related discussions.
- El Salvador's real GDP growth is projected to reach around 4%, with a positive outlook for 2026.
- Despite previous IMF recommendations, El Salvador continues to increase its bitcoin holdings, adding over 1,000 BTC during November's market downturn.
Top Stories
