Brazil’s largest banks have expanded their crypto offerings to as many as 28 assets after transactions across the country reached R$505.5 billion or about $98.7 billion in 2025.
Summary
- Itaú now offers 15 crypto assets, while Nubank has listed 28 tokens for customers.
- Banco do Brasil has processed more than R$11 million in crypto transactions since January.
- March filings show Brazilian banks held no virtual assets on their own balance sheets.
- Crypto firms face new licensing, capital and client-asset rules under Brazil’s regulatory framework.
Brazil banks expand crypto access without taking exposure
Folha de S.Paulo reported on Sept. 7 that Itaú,…
