The Nubank (NYSE:NU) Cripto crypto currency trading platform is currently evolving, and is announcing today five new options for Nubank customers.
Over the next few weeks, gradually, the user base “will gain access to the digital currencies Polkadot (DOT), Avalanche (AVAX), Stella Lumens (XLM), Arbitrum (ARB), and Optimism (OP). With these new additions, there will be a total of 14 cryptocurrencies available on the app, in addition to Nucoin, a utility token for the loyalty program.”
Launched in May 2022, the Nubank Cripto platform “ended that year with the offering of four cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), Polygon (MATIC), and Uniswap (UNI). In addition to these, the shelf currently includes Litecoin (LTC), Chainlink (LINK), Solana (SOL), Bitcoin Cash (BCH), and Aave (AAVE), all added throughout 2023.”
Thomaz Fortes, General Manager of Nubank Crypto, said:
“Nubank will continue the process of listing new cryptocurrencies to expand the portfolio of curated options with projects that are gaining traction and increasing in demand from our customers. The principle of diversification is seen as essential for people who are deeply interested in this technology, and therefore we will continue this work that helps balance the risk and return for users.”
Along with the gradual availability of the five new cryptocurrencies on the Nubank Cripto experience, users will also be “able to purchase the digital currencies at a promotional fee of 0.9% of the value – the average fee usually charged is 1.6%.”
The promotion will last “for approximately 1 month.”
Beyond listing new cryptocurrencies in the experience, the Nubank Cripto platform has evolved with the aim of “providing even more security to its users.”
In July, the company partnered with Fireblocks, “an enterprise platform that manages digital asset operations and builds innovative blockchain businesses.”
Through this technology – which already “has global adherence among the world’s largest crypto custodians – Nubank has developed its own custody solution for the crypto assets of Nubank Cripto customers to ensure best governance practices.”
Thomaz Fortes said:
“Our commitment, looking ahead to 2024, is to build an even more robust platform with the best available technologies for the different profiles of customers who are interested in cryptocurrencies.”