Major Brazilian banks are increasing the range of crypto-related products available to retail customers as the country’s cryptocurrency regulatory framework is refined and customer demand grows.
Itaú expanded its crypto product lineup in 2025 and currently offers 15 cryptocurrencies, including Bitcoin, Ethereum and USDC. Nubank supports 28 assets, while Banco do Brasil began offering direct investment in Bitcoin and Ethereum in January this year, with trading volume exceeding 11 million Brazilian reais. Bradesco and Santander offer cryptocurrency-related ETFs.
Experts recommended a conservative approach, limiting crypto exposure to around 1% to 3% of an overall investment portfolio because of the asset class’s high volatility.
Brazil’s central bank has regulated virtual asset service providers since 2026, applying requirements including minimum capital, segregation of customer assets and supervision. However, as of March 2026, financial statements submitted by banks to the central bank did not show any virtual assets held on their own accounts.