Brazilian Bank Itau Unibanco Launches Cryptocurrency Trading Service, Taking On Local and Global Rivals
• Brazilian bank Itau Unibanco launched a cryptocurrency trading service for clients • The service initially allows trading of bitcoin and ether, but aims to add other cryptocurrencies later • Itau argues it will stand out from rivals by also acting as a custodian to safeguard users' assets • The move comes after 2 local players recently announced they were leaving the crypto market • Itau aims to compete with other Brazilian crypto exchanges and global players like Binance