Revolut, which already offers crypto investments across Europe, is now open for business in Brazil.
Revolut is making its first foray into Latin America, attempting to tap into Brazil’s growing demand for crypto assets.
Revolut has around 29 million customers worldwide and is looking to carve out a share in Latin America’s most populous country, where digital bank Nubank is entrenched as the market leader with around 70 million customers.
Nubank introduced crypto trading last June, hitting 1 million users only a month later.