CASE STUDY
In another development step of the cryptocurrency trading platform Nubank Cripto , Nubank has announced its integration with Talos , a world-class provider of institutional digital asset trading technology .
With this partnership , customers who wish to trade crypto assets in Brazilian reais through the Nu app will benefit from reduced costs through Talos ’ s Smart Order Routing engine and connectivity to optimize trade execution across multiple liquidity providers .
“ Nubank Cripto will continue to evolve as a platform that combines simplicity and robustness for cryptocurrency enthusiasts . With Talos , we have made further progress in this direction to offer users even more competitive prices securely and reliably when trading cryptocurrencies through an extensive network of settlement providers ,” said Thomaz Fortes , Director of Nubank Cripto .
Currently , more than 60 partners make up the Talos Provider Network for cryptocurrency trading operations , including the Chicago Mercantile Exchange and the Chicago Board Options Exchange .
Talos provides connectivity to venues that allow for FX , Spot , Futures , Perpetuals and Options trading while simultaneously providing advanced tooling for Portfolio and Treasury Management .
Through Talos ’ s services , Nubank will have the ability to source liquidity from local providers in native Brazilian real pairs as well as from global partners for US dollar pairs and also token to token swaps enhancing the ability to deliver best price execution to Nubank ’ s customers .
Nubank Cripto adds ten new cryptocurrency options in less than a year
The trading experience of digital currencies in the Nubank app currently offers nine options and will soon add Polkadot , Avalanche , Stella Lumens , Arbitrum and Optimism
In November 2023 , the evolving Nubank Cripto trading platform announced five new options for Nubank customers .
The user base gained access to the digital currencies Polkadot ( DOT ), Avalanche ( AVAX ), Stella Lumens ( XLM ), Arbitrum ( ARB ) and Optimism ( OP ).
With these new additions , Nubank Cripto had 14 cryptocurrencies available on the app , in addition to Nucoin – a utility token for the loyalty program .
Launched in May 2022 , the Nubank Cripto platform ended that year with the offering of four cryptocurrencies : Bitcoin ( BTC ), Ethereum ( ETH ), Polygon ( MATIC ) and Uniswap ( UNI ).
In addition to these , the shelf currently includes Litecoin ( LTC ), Chainlink ( LINK ), Solana ( SOL ), Bitcoin Cash ( BCH ) and Aave ( AAVE ) – all added throughout 2023 .
THE PLATFORM HAS MADE SIGNIFICANT IMPROVEMENTS IN SECURITY BY ADOPTING FIREBLOCKS ’ SOFTWARE FOR MANAGING DIGITAL ASSET OPERATIONS ON THE BLOCKCHAIN .
“ Nubank will continue the process of listing new cryptocurrencies to expand the portfolio of curated options with projects that are gaining traction and increasing in demand from our customers . The principle of diversification is seen as essential for people who are deeply interested in this technology and therefore we will continue this work that helps balance the risk and return for users ,” said Thomaz Fortes .
“ Digital assets have an important role to play in the financial future of Brazil and we are proud to be working with Nubank to help expand access to digital asset liquidity in local currency to help deliver the best price execution to their customers ,” said Anton Katz , CEO and Co-Founder , Talos .
50 INTELLIGENTCIO LATAM www . intelligentcio . com