Bullish Brazilian Bank Nubank Adds Five More Altcoins to Banking App The Brazilian neobanking unicorn Nubank is stepping up its crypto adoption drive, adding trading capabilities for five more altcoins to its banking app. Per the Brazilian media outlet Livecoins
, the bank added support for Polkadot (DOT), Avalanche (AVAX), Stella Lumens (XLM), Arbitrum (ARB), and Optimism (OP) on November 22.
The bank launched crypto trading functions on its banking app in May 2022, offering its bank customers access
to Bitcoin (BTC) and Ethereum (ETH). It has since expanded its range of crypto offerings and earlier
this year added Polygon (MATIC) and Uniswap (UNI) trading functions. Nubank has become one of the nation’s most prominent crypto bulls, last year announcing its intention
to buy Bitcoin (BTC) using its balance sheet. The company said it wanted to convert
1% of its available funds to Bitcoin via its holding company.
Prominent Nubank backers
include Warren Buffet, whose investment vehicle bought a $500 million stake in 2021. The bank launched an initial public offering
in 2021, with a valuation
of over $45 billion. It has since launched
its own cryptoasset, Nucoin, which it also trades on its app, as well as a crypto-specific division named Nubank Cripto.
