• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Crypto.com Logo Crypto.com Logo
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Play Finance
Breaking News: Breaking: SEC Sues Binance And CEO For Alleged Securities Fraud
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Play Finance
Bitcoinist.com
No Result
View All Result
Breaking News: Breaking: SEC Sues Binance And CEO For Alleged Securities Fraud

Deutsche Banker Starts New Bitcoin Exchange in Brazil

Jeffrey Maxim by Jeffrey Maxim
8 years ago
in Bitcoin, Bitcoin Exchange, Emerging Markets, News, News teaser
0

Today BTCFlow has launched the first institutional exchange in Brazil, Latin America’s largest economy.

“The digital currency market in Brazil is still in its infancy,” said Marcelo Miranda, founder of BTCFlow.  “However, we are seeing aggressive growth and adoption in other markets, and have no doubt Brazil will follow suit.”

BTCFlow was founded by Marcelo Miranda, a nine-year veteran of the Brazilian division of Deutsche Bank. While at Deutsche, he was the head of equity trading for Brazil. Spanning all of his career, he has accumulated over 15 years in finance and technology.

He became interested in Bitcoin while working at Deutsche and started in his first bitcoin venture with the IXBTC index, a price index for the Brazilian market, in October of 2014. In an attempt to continue to grow the Brazilian bitcoin market, he has turned his focus to BTCFlow.

btcflowbitcoinistt

“In order for [growth] to happen, local users need a marketplace offering a premier experience buying and selling Bitcoin and that’s what we are going to offer with FlowBTC,” said Miranda.

The new exchange is part of a partnership with Ahplapoint, a back-end provider for financial services, serving several bitcoin exchanges. In order to overcome a lack of liquidity in the local market, BTCFlow will connect to Canada’s Cointrader and Mexico’s meXBT to help meet demand.

“We’re incredibly excited about working with FlowBTC,” said Vadim Telyatnikov, CEO of AlphaPoint. “The Brazilian market holds huge promise and we believe Marcelo’s trading experience will allow him to make deep inroads offering sorely-needed solutions for liquidity and security.”

Miranda hopes that the Brazilian bitcoin market will mature, allowing the exchange to offer more advanced financial products and trading, like Coinsetter and LedgerX in New York.

The Brazilian bitcoin market has not taken off like its southern neighbor, Argentina, but has had a growing community since 2011. Several bitcoin exchanges already exist in Brazil, like Mercado Bitcoin and Bitex.la.

More recently, the Latin American Bitcoin conference (laBITconf) 2015 was held in Brazil’s second largest city, Rio De Janeiro. The conference attracted Bitcoin thought leaders and CEOs from all over the world, including the likes Of Bitpay CEO, Tony Gallippi and Bitcoin Core developer, Jeff Garzik.
Brazil country has outshone many other countries in the number bitcoin loans occurring within its borders. Only second to the United States, over 800 bitcoin loans have been given to Brazilians because of the much lower interest than those on loans offered locally. The average local interest rate can be close to triple digits and is not uncommon to go to 200 percent, while BTCJam offers loans between 5% and 20%.

What do you think BTCFlow will mean for Bitcoin in Brazil?

Photos courtesy of BTCFlow.com and tradeandexportme.com

ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.

Jeffrey Maxim

Jeffrey Maxim

Related Posts

Bitcoin Whale Shark

Bitcoin Sharks & Whales Have Bought 93,000 BTC Since April Top: Santiment

1 week ago
Bitcoin

BREAKING: Bitcoin Mining Industry Spared From 30% Tax In US Debt Ceiling Deal

1 week ago
Bitcoin

Bitcoin Taker Buy Sell Ratio At Highest Since Feb, What Does It Mean?

1 week ago
Bitcoin

Bitcoin Shrimps Continue Aggressive Accumulation As Holdings Hit ATH

1 week ago
Bitcoin Bull

Bitcoin Bullish Signal: Exchange Netflow Registers Negative Spike

2 weeks ago
Bitcoin

Bitcoin “Buy The Dip” Mentality Disappears, Is Now Actually The Time To Buy?

2 weeks ago
Please login to join discussion

Premium Partners

Premium Casino Partners

Play Finance

Now Trending

  • Whale Power Unleashed: Mooky Emerges as the Rival Meme Coin...

    5 days ago
  • Exploring the Meteoric Rise of Mooky: Could It Be the Next...

    5 days ago
  • Discover the Next Big Thing: Mooky.io Presale Boasting Fair...

    5 days ago

Top Casinos

Trust Dice
Trust Dice
Punt Casino
Punt Casino
mBit
mBit
1xBit
1xBit
K8
K8

Press Releases

  • AiDoge Presale Hits $12 Million, but Could Chancer Be the...

    18 seconds ago
  • How Avorak AI and Ethereum Are Gaining a Foothold in Asian...

    1 hour ago
  • Look For Opportunities With Uwerx(WERX) Presale And...

    1 hour ago
  • PancakeSwap (CAKE) Gains, Sparklo (SPRK) To Enter Top 100...

    2 hours ago
  • TMS Network (TMSN) Rockets to New Heights, as Fantom (FTM)...

    2 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
© 2023 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Play Finance

© 2023 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.