Crypto Exchange Bitget Introduces Brazilian Real Trading Pairs

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Bitget, a cryptocurrency exchange now based in Seychelles, 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 is looking to spread more fiat currency trading pairs on the platform.”

“The new solution provides users with the option of spot trading cryptocurrency directly with fiat currency, therefore, reducing the dependence on stablecoins and over-the-counter services,” said Bitget.

The new development comes a week after Bitget launched its operations in Brazil and enabled crypto purchases with Brazilian reals. The company also integrated with the Brazilian government’s Pix payment system and announced that its users will be able to complete withdrawals in the country’s fiat currency by November 30.

In Friday’s statement, Bitget noted that it launched the fiat-on-ramp service in partnership with Pix. However, it added that the system works alongside off-slope solutions it now provides globally.

In addition, Bitget noted that the trading pairs will first be introduced to markets in Latin America “where the adoption rate of crypto 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 significant milestones this year.” Last month, the company launched “Biget Insights,” a feature that makes business insights from verified traders on social media accessible to Bitget users.

“To create accessible gateways to serve the international communities, we will work hand-in-hand with advanced and recognized payment solution providers to be compliant in connecting local economies, businesses and markets with digital assets. We hope this will bring a better experience and easier accessibility to more users, which is crucial for crypto mass adoption,” Chen explained, talking about the trading pairs.

Earlier this month, Bitget increased its protection fund, which was first launched in July, to $300 million after the collapse of FTX. The exchange also announced the opening of a Seychelles office a few days ago, months after announcing that it would double its global workforce despite adverse developments in the crypto industry.

Meanwhile, in October, Bitget expanded its sports deal list by revealing soccer star Lionel Messi as its brand ambassador. The crypto company currently manages sports deals with football clubs Juventus FC (Italy) and Galatasaray (Turkey).

Bitget, a cryptocurrency exchange now based in Seychelles, 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 is looking to spread more fiat currency trading pairs on the platform.”

“The new solution provides users with the option of spot trading cryptocurrency directly with fiat currency, therefore, reducing the dependence on stablecoins and over-the-counter services,” said Bitget.

The new development comes a week after Bitget launched its operations in Brazil and enabled crypto purchases with Brazilian reals. The company also integrated with the Brazilian government’s Pix payment system and announced that its users will be able to complete withdrawals in the country’s fiat currency by November 30.

In Friday’s statement, Bitget noted that it launched the fiat-on-ramp service in partnership with Pix. However, it added that the system works alongside off-slope solutions it now provides globally.

In addition, Bitget noted that the trading pairs will first be introduced to markets in Latin America “where the adoption rate of crypto 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 significant milestones this year.” Last month, the company launched “Biget Insights,” a feature that makes business insights from verified traders on social media accessible to Bitget users.

“To create accessible gateways to serve the international communities, we will work hand-in-hand with advanced and recognized payment solution providers to be compliant in connecting local economies, businesses and markets with digital assets. We hope this will bring a better experience and easier accessibility to more users, which is crucial for crypto mass adoption,” Chen explained, talking about the trading pairs.

Earlier this month, Bitget increased its protection fund, which was first launched in July, to $300 million after the collapse of FTX. The exchange also announced the opening of a Seychelles office a few days ago, months after announcing that it would double its global workforce despite adverse developments in the crypto industry.

Meanwhile, in October, Bitget expanded its sports deal list by revealing soccer star Lionel Messi as its brand ambassador. The crypto company currently manages sports deals with football clubs Juventus FC (Italy) and Galatasaray (Turkey).

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