Latin America’s Pactual Launches Crypto Exchange in Brazil Called Mynt

BTG Pactual, the largest investment bank in Latin America, has announced the launch of a Bitcoin and crypto exchange in Brazil called Mynt. 

According to multiple media reports, Pedro Frazao, product manager at Mynt said, “Content will be a part of Mynt at all levels.” He added, “Any product we launch will come along with some content like a video or a paper that provide the means for the customer to understand more about what they’re investing in, and if they have any questions the app has a 24/7 chat function.”

In support of Mynt, Andre Portilho, partner and head of digital assets at Pactual, explained that “Bitcoin’s backing isn’t physical. It is backed by the mathematics underpinning its blockchain, and this technology guarantees the safety of its transactions.”

Mynt Vows to Bring Security to Trading Crypto Assets

Calling itself “the most secure cryptocurrency platform,” Mynt said that “We were born with a mission to ensure that anyone can explore new ways to invest without fear. We invite you to take your investments to the next level.”

Mynt also claims to ​​”want to bring security and facilitate the day-to-day of those who seek clarity when investing in crypto assets.”

“Therefore, here you can also find content — made by those who really understand — to learn while investing, and whenever you need it, you can count on specialized service in Portuguese, 24 hours a day, 7 days a week,” stated Mynt’s website. 

Apart from Brazil, Pactual is present in Chile, Colombia, Mexico, Argentina, Peru, the U.S., and the U.K.

On the Flipside

  • The people are apprehensive that Mynt may not allow crypto withdrawals. The market is eagerly waiting for updates from Pactual and Mynt.

Why You Should Care

BTG Pactual recently reported a 56% rise in its income for the quarter ending March 2022. The bank said that in terms of investment banking, it maintained its leadership in industry rankings despite the weaker market activity.

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed to be financial legal or tax advice. Trading Forex, cryptocurrencies, and CFDs poses a considerable risk of loss

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Author

Akriti is a Zurich-based reporter, focused on the political, regulatory, and legislative developments around crypto. She is a business journalist with over six years of experience working as a correspondent for organizations like Channel NewsAsia and Bloomberg TV India. In that time, Akriti has covered news in the finance, pharma, and state sectors.