In brief
- Brazil’s crypto market hit a record R$505.5 billion ($98.7 billion) in 2025, up more than fivefold from R$94.9 billion in 2020, according to Receita Federal data.
- Itaú now offers 15 cryptoassets and Nubank lists 28, while Banco do Brasil says its bitcoin and Ethereum service has moved more than R$11 million ($2.1 million) since January.
- Central Bank filings reviewed by Folha show zero proprietary crypto holdings at Brazilian banks as of March 2026, even as client-facing crypto shelves keep growing.
Itaú, Brazil’s largest bank by assets under management, now sells clients 15 different crypto assets through its investment app, including Bitcoin, Ethereum, and the dollar-pegged stablecoin USDC.
Nubank, Brazil’s largest…
