Crypto Exchange Bitget Introduces Brazilian Real Trading Pairs

Mar 22, 2023

The new pairs include USDT/BRL, ETH/BRL and BTC/BRL.

Bitget launched its Brazilian operations over a week ago.

Bitget, a cryptocurrency exchange now based in Seychelles, has introduced Brazilian real (BRL) trading pairs as the first batch of its new on-ramp fiat trading pairs for spot traders on its platform.

Bitget announced on Friday that the new pairs include USDT/BRL, ETH/BRL and BTC/BRL even as “the team is looking to roll out more fiat currency trading pairs on the platform.”

“The new solution provides users with the option of spot trading cryptocurrency direct with fiat currency, therefore, lowering the reliance on stablecoins and over-the-counter services,” Bitget said.

The new development comes a week after Bitget launched its operations in Brazil and enabled crypto purchases with Brazilian reals. On top of that, the firm integrated with the Brazilian government’s Pix payment system and announced that its users will be able to executive withdrawals in the country’s fiat currency by November 30.

Eyes on Global Expansion

Speaking on the new development, Gracy Chen, Bitget’s Managing Director described the launch as “one of our significant milestones this year.” Last month, the firm launched ‘Biget Insights', a feature that makes trading insights from verified traders on social media accessible to Bitget’s users.

“To create accessible gateways to serve the international communities, we will be working hand-in-hand with top-notch and recognized payment solution providers to be compliant in linking local economies, businesses, and marketplaces with digital assets. We hope this will bring a better experience and easier accessibility to more users, which is crucial for crypto mass adoption,” Chen explained, speaking about the trading pairs.

Earlier this month, Bitget increased its protection fund, which was first introduced in July, to $300 million following the collapse of FTX. Moreover, the exchange announced the opening of a Seychelles office some days ago, months after disclosing that it will double its global workforce despite contrary developments in the crypto industry.

Meanwhile, in October, Bitget expanded its sports deal roster by unveiling football star Lionel Messi as its brand ambassador. Currently, the crypto firm manages sports deal with football clubs Juventus F.C. (Italy) and Galatasaray (Turkey).

Tags:

Libertex Group Co-Founder Vyacheslav Taran Passes in Tragic Helicopter Accident

Binance Launches Proof of Reserves for Bitcoin

Comment (0)

Post Your Comment

Most Popular

The UK economy experienced a contraction of 0.5% in July due to a decline in the output of the service sector.

Nov 08, 2023
471

Newsletter Subscription

Subscribe to our daily newsletter and get the best forex trading information and markets status updates

Stay With Us

Currency Exchange

AMOUNT

FROM

RESULT

1.00 USD = 0.67 GBP

Crypto Exchange Bitget Introduces Brazilian Real Trading Pairs

Tags:

Comment (0)

Post Your Comment

Most Popular

The UK economy experienced a contraction of 0.5% in July due to a decline in the output of the service sector.

UK Experiences Decrease in Job Vacancies as Wage Growth Slows to 6.5%

Plus500 Signs 4-Year Deal with Chicago Bulls in First US Sponsorship

‘A Lighter Regulatory Touch’? FCA’s Enforcement Cases Plummet in FY 22/23

Tags

Newsletter Subscription

Stay With Us

Currency Exchange

Instant account opening & funding

Instruments

Managing Your Funds

Trading Accounts

Partnership

Education

Trading Tool

Market News

About Us

Media Center

Support

Downloads

Trading Platforms

Overview

cTrader

MetaTrader5

AdvanTrade

Overview

Instruments

Managing Your Funds

Trading Accounts

Forex Trading

Affiliates

Introducing Broker

Refer a Friend

Partnership

Education

Trading Tool

Market News

Online Trading Tool

About Us

Media Center

About Us

Support

Downloads

Service

Customer Support

Crypto Exchange Bitget Introduces Brazilian Real Trading Pairs

Tags:

Comment (0)

Post Your Comment

Most Popular

The UK economy experienced a contraction of 0.5% in July due to a decline in the output of the service sector.

UK Experiences Decrease in Job Vacancies as Wage Growth Slows to 6.5%

Plus500 Signs 4-Year Deal with Chicago Bulls in First US Sponsorship

‘A Lighter Regulatory Touch’? FCA’s Enforcement Cases Plummet in FY 22/23

Tags

Newsletter Subscription

Stay With Us

Currency Exchange

Instant account opening & funding