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Revolut Expands Crypto Investment Services to Brazil

Digital bank Revolut is extending its crypto investment services to Brazil, marking its entry into Latin America. This move aims to capitalize on the nation's increasing appetite for cryptocurrency assets.

Revolut logo
Revolut logo

Addressing Brazil's Growing Crypto Community

According to an announcement by Revolut, there are currently around 10 million crypto users in Brazil. The bank's expansion into the region demonstrates a strategic effort to meet the needs of this rapidly growing market.

Revolute's Mission for a Borderless Economy

CEO Nik Stronsky stated that Revolut's mission is to create a borderless economy with accessible, user-friendly financial products. The launch in Brazil begins with a global account and crypto investment services, but the company plans further expansion.

Competing with Nubank in the Brazilian Market

Revolut, boasting 29 million customers worldwide, seeks to establish a presence in Latin America's most populous country. In Brazil, digital bank Nubank dominates the market, with approximately 70 million customers. Nubank introduced crypto trading in June last year and gained 1 million users within a month.