BTG Pactual Acquires Crypto Brokerage Orama for $99 Million Amid Brazil's Crypto Boom
-
BTG Pactual bank in Brazil acquires cryptocurrency-friendly brokerage Orama for $99 million as part of digital expansion.
-
Orama has nearly $3.6 billion assets under custody, serves 360,000 customers, and launched a crypto investment fund in 2022.
-
Orama's crypto fund has surged over 30% in the past year amid Brazil's crypto surge.
-
BTG Pactual previously launched a crypto trading app and plans to launch a stablecoin pegged to the US Dollar.
-
Acquisition awaits regulatory approval but allows Orama customers access to BTG's full platform.