Brazilian banks expand crypto offerings as market reaches $98.7 billion
Brazil's largest banks including Itaú, Nubank, and Banco do Brasil have expanded their cryptocurrency offerings to as many as 28 assets after the country's crypto market reached R$505.5 billion ($98.7 billion) in 2025, up more than fivefold from 2020. The expansion comes as new regulations take hold in Latin America's largest economy.
