Crypto.com has partnered with BTG Pactual to improve the crypto banking environment in Latin America

Crypto.com, a leading platform in the crypto world, has announced a strategic partnership with BTG Pactual, a leading investment bank in Latin America, to further develop the crypto banking ecosystem in the region. The announcement, made on February 27, focuses on strengthening ties between cryptocurrency and traditional banking.

Quote from DOL

As a key part of this partnership, Crypto.com will list BTG DOL, a stablecoin issued by BTG Group that is pegged one-to-one to the US dollar. Launched in April last year, this stablecoin enables a stable and reliable connection between crypto and traditional financial markets.

The partnership between Crypto.com and BTG Pactual is seen as an important step towards mainstream adoption of cryptocurrencies in Latin America. The parties aim to develop BTG DOL as a major trading pair in the crypto economy, including adding trading pairs with leading cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH).

This collaboration aims to lay the foundation for the further development of the digital economy in Latin America. Eric Anciani, president and CEO of Crypto.com, highlights BTG Pactual's pioneering role in bringing together the traditional and digital financial worlds. He underscores the shared vision of both companies to advance financial technology with innovations that benefit society.

Collaboration is an important step

Andre Portilho, Partner and Head of Digital Assets at BTG, said the partnership is a significant step forward in providing the bank's clients with access to the digital asset economy.

The partnership marks the further expansion of Crypto.com's presence in Latin America, following the launch of the Crypto.com Visa card in Brazil in 2021 and the acquisition of a payment institution license (EMI) from the Central Bank of Brazil in 2022. Both companies' commitment to integrating cryptocurrency into regional financial ecosystems and promoting innovation in financial technology.