The Crypto Exchange, launched by Tritum Digital Assets, began operations in January this year. The new exchange has a partnership with Balance Custody, one of Canada’s leading digital asset-custody agents, serving exchanges and other cryptocurrency companies.
The platform offers 20 different types of trading pairs. In addition, it claims to have the capacity to operate up to 1 million orders per second. It also supports four stablecoins. Among them PAX, Paxos dollar and Stasis Euro. There is also a stablecoin backed in reais.
In a statement, Tritum CEO John Willock highlighted the Brazilian moment in cryptocurrency custody. “Custody has become a high-profile sector in the digital asset sector. Thus, it has become increasingly relevant as several failures occurs in exchanges around the world”.
Crypto Exchange promises simplicity
Willock stressed that the company hopes to make it simple to purchase cryptocurrencies in the country. “We are extremely excited about the confidence that this custody relationship will offer Brazilians to trade and store their cryptocurrencies with our company”.
The Brazilian market of exchanges is growing in the country. Currently, the number of companies that provide the cryptocurrency purchase and sale service exceeds 25. Highlights include the Mercado Bitcoin and Foxbit, the largest in the country in trading volume.
“We are extremely excited about the confidence that this custody relationship will offer Brazilians to trade and store their cryptocurrencies with our company”.
In addition to exchanges, cryptocurrency investment companies are growing in the country. Among those we should mention Transfero itself, Hashdex, and others. These companies offer the market more advanced products and services with cryptocurrencies.