Nubank Taps Talos to Cut Crypto Trading Costs in Brazil

Nubank has announced a new partnership geared toward reducing crypto trading costs in Brazil.

by . Fact checked by: Ciaran Lawler, Editor: Stefan Trapp
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Nubank works with Brazil to cut crypto costs.
Created by Kornelija Poderskytė from DailyCoin
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  • Nubank has announced a new partnership.
  • The partnership aims to cut the costs of buying and selling crypto assets.
  • The partnership targets customers in Brazil.

In a strategic move, Brazilian digital bank Nubank has partnered with institutional trading technology provider Talos to reduce the costs of buying and selling crypto assets in Brazil.

Founded in 2013, Nubank operates one of the world’s largest digital financial services platforms, serving 90 million customers across Brazil, Mexico, and Columbia. The bank debuted its crypto trading services via Nubank Cripto in May 2022 under a partnership with Paxos blockchain.

Nubank Partners with Talos to Reduce Crypto Trading Costs

According to a press release dated December 6, the partnership will see Nubank integrate Talos’s Smart Order Routing engine and connectivity with the Nu app to optimize trade execution across multiple liquidity providers, effectively cutting overhead costs.

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“Through Talos’s services, Nubank will have the ability to source liquidity from local providers in native Brazilian real pairs as well as from global partners for US dollar pairs and also token to token swaps enhancing the ability to deliver best price execution to Nubank’s customers,” the statement read.

Talos provides connectivity to venues that allow for Spot, FX, Futures, Options, and Perpetuals trading, along with simultaneous advanced tooling for portfolio and treasury management.

The Talos Provider Network for crypto trading operations has over 60 partners, including the Chicago Board Options Exchange and the Chicago Mercantile Exchange.

The Talos Platform for Nubank Cripto has additional user-centric features, including execution analysis, compliance tools, real-time market data integration, and customer transaction algorithms.

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Read how Nubank partnered with Polygon for the launch of Nucoin:
Nubank to Launch Its Own Digital Token, Nucoin, in a Strategic Partnership with Polygon

Stay updated on JPMorgan’s Tokenized Collateral Network (TCN):
JPMorgan Debuts Tokenization Network with BlackRock’s Trade

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

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      Brian Danga
      Brian Danga

      Brian Danga, a Kenyan crypto reporter, is dedicated to delivering breaking news and updates from the cryptocurrency world. With a background as a Web3 writer and project manager, he recognizes the importance of unbiased reporting. Holding an LLB degree from the University of Nairobi, Brian's analytical skills contribute to his accurate news reporting. His personal interests include cooking, watching documentaries, reading, and engaging in intellectual discussions.