Capitual firms a partnership with Huobi Global to allow deposits in BRL

English Sep 15, 2021

Huobi Global, one of the largest digital asset exchanges in the world, and Capitual, the first Brazilian hybrid digital bank, announce a partnership in which clients will be able to use Reais (BRL) to purchase digital assets. This type of operation will be available through the flexible and fast system of the Brazilian partner, providing users with an additional benefit.

“The new channel will allow our Brazilian clients to deposit Reais through the online platform instantly, which considerably reduces trading time. This new gateway is also a demonstration of our commitment to the South American investor community and helps us to expand in this market”, said Ciara Sun, vice president of Houbi Global Markets.

With the launch of the new channel, Huobi customers will be able to purchase digital assets directly from their balance in Reais. There will be no fees charged for deposits in Reais made via online bank transfer. Huobi's Quick Buy/Sell service will allow users to benefit from transaction fee exemption when purchasing digital assets using their balances in Reais.

To promote the new channel, Huobi Global will launch a BRL deposit campaign from September 6-19. The first 800 users can earn 3 HUSD each if they make a deposit of at least 300 reais and make a minimum trade of 300 BRL, or 10 HUSD each if the deposit and trade exceed 1 thousand reais.

“To provide clients with a secure and comfortable trading experience, we have rigorously selected our payment solutions partner, considering a large number of candidates. We decided on Capitual because of its extensive knowledge of risks and compliance and for having developed a stable and reliable system for depositing and transferring values ​​and investments. It is in accordance with our vision”, commented Ciara.
“Capitual's partnership with Huobi Global will expand the opportunities for Brazilian cryptoactive investors and is part of our business strategy to offer clients an easy and user-friendly system to instantly trade multiple currencies,” said Gustavo Rezende, COO of Capital.

Currently, Huobi offers the possibility of fiat-crypto transactions in six currencies: EUR, RUB, UAH, KZT, GBP and BRL. The integration introduces a new access point for users from Brazil into the crypto environment. "With this new fiat-crypto integrated gateway, we will be able to accelerate the adoption of cryptocurrencies by making digital assets more accessible," added vice president of Houbi Global Markets.


Morel Hernandes

Writer passionate about politics, economics, blockchain and crypto-currencies.