Nubank Crypto, part of Nubank (NYSE: NU), announced that clients will have access to new coins.
The tokens Cardano (ADA), NEAR Near Protocol (NEAR), Cosmos (ATOM), and Algorand (ALGO) will “complement Nubank’s crypto investment portfolio, which already includes 16 other options such as Bitcoin, Ether, Solana, USDC, and XRP.”
Thomaz Fortes, executive director of Nubank’s crypto and virtual assets area said:
“The offering of new coins reflects our commitment to providing a diversified crypto asset portfolio aligned with our client’s needs. We will continue to expand our selection of tokens throughout the year, always with a careful analysis of the options.”
Recently, Nubank Crypto also enabled 11 new cryptocurrency pairs, which can be exchanged for USDC within the platform, “including Aave (AAVE), Avalanche (AVAX), Bitcoin Cash (BCH), Polkadot (DOT), Chainlink (LINK), Litecoin (LTC), Polygon (POL), Stellar (XLM), Ripple (XRP), Arbitrum (ARB), and Optimism (OP).”
The tokens recently added to the portfolio stand out for their different characteristics:
- Cardano (ADA), touted as an “Ethereum killer,” is one of the largest tokens in the market, known for its speed and low transaction cost;
- Near Protocol (NEAR) focuses on usability, scalability, and security challenges with innovative features such as dynamic sharding and readable account names;
- Algorand (ALGO) is a blockchain focused on asset tokenization, for fast and low-cost transactions, with a focus on decentralized finance (DeFi) and business adoption, in addition to offering staking opportunities for its users;
- Cosmos (ATOM), known as the “internet of blockchains,” facilitates interoperability between different networks through its Inter-Blockchain Communication (IBC) protocol, ensuring security and efficiency in asset transfers.
Earlier this year, Nubank expanded its rewards program for those “who own the digital dollar USDC, a stablecoin backed by the US dollar and supported by highly liquid assets.”
Nubank Crypto users who maintain a “minimum balance of 10 USDC in their wallets receive a daily return with a fixed rate of 4% per year.”
