Brazilian Megabank Nubank Launches BTC, ETH, SOL Withdrawals
The Brazilian megabank Nubank is launching withdrawal services for Bitcoin (BTC), Ethereum (ETH), and Solana (SOL), in the latest bullish move from the neobank.
In an official notice on the Nubank community page, the bank said that it would allow customers to “send and receive [cryptoassets]” from their app-based wallets.
The bank first announced its plans to enable withdrawals in December last year, but says the service is now live.
Nubank wrote:
“For now, it will be possible to send and receive Bitcoin, Ethereum, and Solana. However, we also plan to add support for more [cryptoassets] in the near future.”
The bank added that it was “gradually releasing this function” to “ensure a better experience” for its customers.
Nubank users greeted the news with enthusiasm, with one commenting that Nubank was starting to become a “crypto exchange” in its own right.
Others questioned why the bank had not yet rolled out send and receive functions for its own token, Nucoin.
The media outlet Criptonoticias reported that new coins would be added to the service “in the coming weeks.”
The company is the biggest neobank in Latin America. It has some 80.4 million customers in Brazil, as well as large customer bases in Mexico, Colombia, and other LATAM nations.
Nubank’s operator Nu Holdings launched on the New York Stock Exchange in December 2021, when it achieved a $45 billion valuation.
The bank has previously offered its Brazilian customers access to buy and sell functions for Bitcoin and other coins via wallets on its app.
It has around 20 million crypto wallet-holding customers, and has been steadily adding altcoin support to the app since its first foray into the crypto world.
The bank began its crypto pivot in earnest in 2022, and has since
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