Bitget, a now Seychelles-based cryptocurrency exchange, has introduced Brazilian real (BRL) trading pairs as the first batch of its new on-ramp fiat trading pairs for spot traders on its platform.
Bitget announced on Friday that the new pairs include USDT/BRL, ETH/BRL, and BTC/BRL even as “the team looks to deploy more fiat currency pairs on the platform.”
“The new solution provides users with the ability to directly exchange cryptocurrency with fiat currency, reducing reliance on stablecoins and OTC services,” Bitget said.
The new development comes a week after Bitget launched operations in Brazil and enabled crypto purchases with Brazilian reals. The company has also integrated with the Brazilian government’s Pix payment system and announced that its users will be able to make executive withdrawals in the country’s fiat currency by November 30.
In Friday’s statement, Bitget noted that it launched the fiat service on the ramp in partnership with Pix. However, he added that the system works alongside the exit solutions it currently provides globally.
Additionally, Bitget noted that the trading pairs will first be introduced in Latin American markets “where the crypto adoption rate is highest among the general public.” The exchange added that the region is an important market for its global expansion.
Eyes on global expansion
Speaking about the new development, Gracy Chen, Managing Director of Bitget, described the launch as “one of our milestones this year.” Last month, the firm launched “Biget Insights”, a feature that makes business information from verified merchants on social media accessible to Bitget users.
“To create accessible gateways to serve global communities, we will work hand-in-hand with best-in-class payment solution providers known to be compliant by connecting local economies, businesses and markets to digital assets. We hope this will bring a better experience and easier accessibility to more users, which is crucial for the mass adoption of crypto,” Chen explained, speaking on trading pairs.
Earlier this month, Bitget increased its protection fund, which was first introduced in July, at $300 million after the collapse of FTX. The exchange also announced the open an office in the Seychelles a few days, months ago after revealing that he double its global workforce despite developments to the contrary in the crypto industry.
Meanwhile, in October, Bitget expanded its list of sports contracts by reveal football star Lionel Messi as a brand ambassador. The crypto company currently manages sports agreements with football clubs Juventus FC (Italy) and Galatasaray (Turkey).
Bitget, a now Seychelles-based cryptocurrency exchange, has introduced Brazilian real (BRL) trading pairs as the first batch of its new on-ramp fiat trading pairs for spot traders on its platform.
Bitget announced on Friday that the new pairs include USDT/BRL, ETH/BRL, and BTC/BRL even as “the team looks to deploy more fiat currency pairs on the platform.”
“The new solution provides users with the ability to directly exchange cryptocurrency with fiat currency, reducing reliance on stablecoins and OTC services,” Bitget said.
The new development comes a week after Bitget launched operations in Brazil and enabled crypto purchases with Brazilian reals. The company has also integrated with the Brazilian government’s Pix payment system and announced that its users will be able to make executive withdrawals in the country’s fiat currency by November 30.
In Friday’s statement, Bitget noted that it launched the fiat service on the ramp in partnership with Pix. However, he added that the system works alongside the exit solutions it currently provides globally.
Additionally, Bitget noted that the trading pairs will first be introduced in Latin American markets “where the crypto adoption rate is highest among the general public.” The exchange added that the region is an important market for its global expansion.
Eyes on global expansion
Speaking about the new development, Gracy Chen, Managing Director of Bitget, described the launch as “one of our milestones this year.” Last month, the firm launched “Biget Insights”, a feature that makes business information from verified merchants on social media accessible to Bitget users.
“To create accessible gateways to serve global communities, we will work hand-in-hand with best-in-class payment solution providers known to be compliant by connecting local economies, businesses and markets to digital assets. We hope this will bring a better experience and easier accessibility to more users, which is crucial for the mass adoption of crypto,” Chen explained, speaking on trading pairs.
Earlier this month, Bitget increased its protection fund, which was first introduced in July, at $300 million after the collapse of FTX. The exchange also announced the open an office in the Seychelles a few days, months ago after revealing that he double its global workforce despite developments to the contrary in the crypto industry.
Meanwhile, in October, Bitget expanded its list of sports contracts by reveal football star Lionel Messi as a brand ambassador. The crypto company currently manages sports agreements with football clubs Juventus FC (Italy) and Galatasaray (Turkey).