Nubank collaborates with Talos

by Max Nevskyi

3 years ago

Nubank, the largest digital bank in Brazil by market value, has announced a partnership with Talos, a leading institutional provider of trading technologies, aimed at reducing the costs of cryptocurrency trading.

"This partnership will allow customers trading crypto assets in Brazilian reals through the Nu app to save on costs thanks to Talos' intelligent order routing system and the ability to choose optimal liquidity providers," Nubank noted.

The bank, serving 90 million customers in Brazil, Mexico, and Colombia, started cryptocurrency trading in May 2022 and offers 15 cryptocurrencies through Nubank Cripto.

Tomaz Fortes, head of Nubank Cripto, said: "Nubank Cripto aims to be a simple and reliable platform for cryptocurrency enthusiasts. With Talos, we have taken a step forward, offering users competitive prices and security in trading cryptocurrencies through our extensive network."

Brazil, seen as a market with great potential for cryptocurrencies, is attracting the attention of leading crypto organizations, including Coinbase and Ramp, which are investing in expanding their presence in the country.

The company also reported that the Chicago Mercantile Exchange and the Chicago Board Options Exchange are part of the Talos partner network for cryptocurrency operations.

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