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Coinbase Partners with Brazilian Central Bank Pix and Ebanx to Expand Services in Brazil

Cointime Official

Cryptocurrency exchange Coinbase has announced a series of developments aimed at expanding its services in Brazil.

The exchange has integrated Pix, a payment system developed by Brazil's central bank, to allow for easy account top-up using Brazilian Reals.

Additionally, Coinbase has localized its app with 24/7 email support and partnered with Ebanx, a local payments processor, to streamline the user onboarding process.

"While we are enhancing our product offerings today, we have a strong history in Brazil. First, we established a technology hub in the country in 2021, with engineering talent developing crypto and web3 technologies using Brazilian expertise for Brazil and beyond. Second, Coinbase Ventures has been active throughout Latin America, including investments in Hashdex, a Brazilian cryptocurrency asset management company, and Ledn, a cryptocurrency-based financial services platform." Nana Murugesan, the Vice President of International and Business Development at Coinbase, wrote in the announcement.

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