- Crypto.com exchange has entered into a strategic partnership with BTG Pactual.
- The integration aims to “promote cryptocurrency-based banking services”.
Cryptocurrency exchange Crypto.com has announced a partnership with an investment bank in Latin America, BTG Pactual.
https://crypto.com and BTG Pactual are teaming up to advance crypto powered banking services in Latin America and beyond🤝
Together, we’re committed to bridging #tradfi and #crypto securely and reliably across the region 🙌
- Crypto.com (@cryptocom) February 27, 2024
The statement said the collaboration is aimed at further developing cryptocurrency banking services in the region. The statement also says that the exchange will list the dollar-stablecoin BTG DOL in the initial phase of the partnership.
“BTG DOL is the world’s first bank-backed dollar-backed stablecoin, providing a trusted interface between the traditional financial system and the new digital economy,” the statement said.
In addition, Crypto.com said that the goal of the partnership with BTG Pactual is to catalyze the development of the digital economy in Latin America and effectively combine traditional and digital finance for customers.
Crypto.com president and chief operating officer. Eric Anziani added that BTG Pactual is “a true innovator that sees the potential of collaboration between traditional and digital finance.”
As a reminder, Crypto.com announced a partnership with PayPal and Paxos in September 2023.