Warren Buffett-Backed Nubank Now Offers Crypto Trading to 54 Million Customers

Warren Buffett-backed Nubank, 1 of the world’s largest integer banking platforms, is present offering cryptocurrency trading to each of its 54 cardinal customers. Nubank besides holds bitcoin connected its equilibrium sheet.

Nubank’s Crypto Service Now Available to All Customers

Nubank, 1 of the world’s largest integer banking platforms, present offers cryptocurrency trading to each clients, according to its blog post, updated Monday. The slope serves astir 54 cardinal customers crossed Brazil, Mexico, and Colombia.

“Nubank Cripto is the solution to bargain and merchantability cryptocurrencies straight done the Nu app,” the slope wrote, adding:

The enactment to bargain cryptocurrencies done Nubank is present disposable to each our customers. Update your app.

“To assistance you participate this beingness much safely, we decided to offer, first, the largest cryptocurrencies connected the market: bitcoin and ether,” the slope added.

Nubank further clarified:

For this launch, Nubank has a concern with Paxos, an speech specializing successful cryptocurrencies.

The crypto trading enactment was announced successful May. It was launched archetypal successful Brazil.

Nubank besides announced successful May that Nu Holdings, its genitor company, has allocated “~1% of its equilibrium expanse currency to bitcoin.”

Warren Buffett’s Berkshire Hathaway is simply a existent shareholder of Nu Holdings. According to its 13F filing with the U.S. Securities and Exchange Commission (SEC), Berkshire’s holdings arsenic of Dec. 31, 2021, included Nu Holdings shares worthy much than $1 billion. Berkshire Hathaway besides invested $500 cardinal successful Nu Holdings successful June past year, months earlier the institution went public.

Buffett, however, precocious said that helium volition not put successful cryptocurrencies due to the fact that they bash not nutrient anything. Meanwhile, Berkshire Vice Chairman Charlie Munger believes that crypto is “stupid and evil.”

What bash you deliberation astir Warren Buffett-backed Nubank offering crypto to each customers? Let america cognize successful the comments conception below.