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New crypto exchange Digitra.com receives US$5M from Itau's to accelerate operations

May 31, 2022
Por
LABS
LABS
LABS is a business news website about Latin America, focused on economics, business, technology and society.
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Globo
In addition to Digitra.com, the funding will also be used to expand three other innovative projects, including Real's stablecoin and a platform aiming to create a secondary market for crowdfunding in Brazil in partnership with SMU.
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Profitus, a fund owned by Ricardo Vilella Marino, the controlling partner of Itaú Unibanco, has invested $5 million in Digitra.com, a new crypto exchange created by Rodrigo Batista, the former CEO and founder of Mercado Bitcoin, and ready to launch in July.

In 2013, Batista founded Brazil‘s first cryptocurrency exchange, Mercado Bitcoin. He was the company’s CEO and controller until 2019, when the platform was sold to 2TM group. At the time, Mercado Bitcoin had 1.5 million customers; today, it has 3.5 million.

Villela Marino had an international executive career at Itaú, an instituition founded by his great-grandfather. Currently, he is also a special advisor for Valor Capital Group.

The funding will be used to accelerate the operations of Digitra.com. The platform will launch in July and, despite being headquartered in Brazil, it has the goal of reaching 1 million customers worldwide in its first year of operations. The application is now available for advance registration of customers.

In addition to the exchange, Digitra.com press office also told LABS that a share of the funding will also be used for the expansion of other three innovative projects by Batista: nTokens, partner of SMU Investimentos in a secondary equity platform already approved by Brazil‘s SEC, CVM; the development of the Real’s stablecoin; and the further development of Atris, a technology company specialized in creating new exchanges of various assets, such as energy, carbon credits, among others and also a partner at SMU’s project.

“We have created a business model that is disruptive to the crypto market globally and will simultaneously encourage financial inclusion through digital assets. Digitra.com has everything to lead the innovations in this market in the coming years,” sadi Marino in a press statement.

The new company wants to take some space occupied by companies like Binance, a global leader created in 2017, and FTX, launched less than three years ago and recently valued at $30 billion.

“I don’t see why a company created in Brazil cannot aspire to be in this group of global companies. We are working hard, and Brazil is a reference when it comes to governance and security in the financial market,” said Rodrigo.

Digitra.com is a global trading exchange for bitcoins, cryptocurrencies, and digital assets founded in 2021. The company is betting on the convergence of the crypto world with the traditional trading world.

Las opiniones compartidas y expresadas por los analistas son libres e independientes, y de ellas son responsables sus autores. No reflejan ni comprometen el pensamiento u opinión de Latam Fintech Hub, por lo cual no pueden ser interpretadas como recomendaciones emitidas por la platafomra. Esta plataforma es un espacio abierto para promover la diversidad de puntos de vista sobre el ecosistema Fintech.

Profitus, a fund owned by Ricardo Vilella Marino, the controlling partner of Itaú Unibanco, has invested $5 million in Digitra.com, a new crypto exchange created by Rodrigo Batista, the former CEO and founder of Mercado Bitcoin, and ready to launch in July.

In 2013, Batista founded Brazil‘s first cryptocurrency exchange, Mercado Bitcoin. He was the company’s CEO and controller until 2019, when the platform was sold to 2TM group. At the time, Mercado Bitcoin had 1.5 million customers; today, it has 3.5 million.

Villela Marino had an international executive career at Itaú, an instituition founded by his great-grandfather. Currently, he is also a special advisor for Valor Capital Group.

The funding will be used to accelerate the operations of Digitra.com. The platform will launch in July and, despite being headquartered in Brazil, it has the goal of reaching 1 million customers worldwide in its first year of operations. The application is now available for advance registration of customers.

In addition to the exchange, Digitra.com press office also told LABS that a share of the funding will also be used for the expansion of other three innovative projects by Batista: nTokens, partner of SMU Investimentos in a secondary equity platform already approved by Brazil‘s SEC, CVM; the development of the Real’s stablecoin; and the further development of Atris, a technology company specialized in creating new exchanges of various assets, such as energy, carbon credits, among others and also a partner at SMU’s project.

“We have created a business model that is disruptive to the crypto market globally and will simultaneously encourage financial inclusion through digital assets. Digitra.com has everything to lead the innovations in this market in the coming years,” sadi Marino in a press statement.

The new company wants to take some space occupied by companies like Binance, a global leader created in 2017, and FTX, launched less than three years ago and recently valued at $30 billion.

“I don’t see why a company created in Brazil cannot aspire to be in this group of global companies. We are working hard, and Brazil is a reference when it comes to governance and security in the financial market,” said Rodrigo.

Digitra.com is a global trading exchange for bitcoins, cryptocurrencies, and digital assets founded in 2021. The company is betting on the convergence of the crypto world with the traditional trading world.

Las opiniones compartidas y expresadas por los analistas son libres e independientes, y solamente sus autores son responsables de ellas. No reflejan ni comprometen el pensamiento o la opinión del equipo de Latam Fintech Hub y, por lo tanto, no pueden interpretarse como recomendaciones emitidas por la plataforma. Esta plataforma es un espacio abierto para promover la diversidad de puntos de vista en el ecosistema Fintech.

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