Share this article
P2P Bitcoin Lender Seeks Market Traction in Brazil
Bitcoin lending startup Bitbond is seeking to gain traction in Portugal and Brazil in 2016.
By Pete Rizzo
Updated Sep 11, 2021, 12:04 p.m. Published Jan 8, 2016, 6:44 p.m.
Bitcoin lending startup Bitbond is seeking to gain traction in Portugal and Brazil as it looks to grow its user base in 2016.
The Berlin-based company, which has raised €800,000 ($870,000) in two public funding rounds, is currently competing against startups such as BitLendingClub and BTCJam in the peer-to-peer (P2P) bitcoin lending market, as well as as against other FinTech alternatives.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
cited the high number of small businesses, high barriers to working capital and informal reports of bitcoin's growing traction as an investment vehicle in the country. According to its estimates, 600 of its 23,000 users are already living in Brazil and Portugal.
The company has hired a new team member to help translate the Bitbond website into Portuguese and assist it as it looks to “overcome the language and culture hurdles” inherent in this strategy.
“This appointment is indicative of the huge potential these countries have and Bitbond's desire to bring our product to key markets,” Bitbond’s online marketing manager, Chris Grundy, told CoinDesk.
The news comes as lawmakers in Brazil continue to meet and discuss regulation and local universities have begun experimenting with the emerging technology.
Brazil image via Shutterstock
More For You
KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
More For You
Strategy shares register first six-month losing streak since adoption of bitcoin strategy in 2020
Crypto analyst Chris Millas has highlighted an unusually persistent slump in Strategy shares, breaking with past drawdown patterns even as the firm continued accumulating bitcoin.
What to know:
- Strategy shares fell in each of the final six months of 2025, marking the first time since the firm adopted bitcoin in August 2020 as a treasury reserve asset.
- The decline stands out for its persistence, as past selloffs were often followed by sharp rebounds.
- The stock sharply underperformed both bitcoin and the Nasdaq 100 despite the firm's continued BTC purchases.
Top Stories
