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Nubank Offers Bitcoin, Ether Trading to Customers

  • Buffett-backed digital bank to partner with Paxos Trust Co.
  • Paxos to provide crypto trading and custody services

Nu Holdings Ltd., a Brazilian digital bank backed by Warren Buffett’s Berkshire Hathaway Inc., partnered with blockchain startup Paxos Trust Co. to allow its customers to trade cryptocurrencies.

Nubank’s more than 50 million customers will initially be able to trade Bitcoin and Ethereum as of Wednesday, according to Paxos Head of Revenue Michael Coscetta. Paxos has seen demand increase for digital assets in Brazil and that the move will create more financial inclusion for Nubank’s customers by giving them access to more payment methods, he said.