OTC Crypto Exchange to be launched by Brazil’s Biggest Investment Firm
1 min readApr 21, 2018
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Over-the-counter (OTC)is allegedly being launched by Brazil’s largest investment company XP Investimentos. It is a conspicuous rebuttal of establishment suspicion, the giant boasting 3.2 bln reals (almost $1 bln) in assets under management.
The company rebranded to become XDEX. Since then the company has received another 20 mln reals ($5.9 mln).
The alleged move is the first for XP, which first registered an outfit called XP COIN INTERMEDIACAO.
