- Itaú Unibanco became the first Brazilian bank to register its crypto trading and custody services with the Central Bank of Brazil.
- The bank offers 15 digital assets, including Bitcoin, Ethereum, Solana, XRP and USDC, with investments starting at R$10.
- Brazil’s new crypto regulations set October 30 as the compliance deadline for existing operators.
Brazil’s biggest private bank has made its cryptocurrency trading and custody activities official while Brazil tightens rules for digital asset service providers.
The Brazilian banking giant Itaú Unibanco has signed up for its cryptocurrency trading and custody services, with the Central Bank of Brazil. Itaú Unibanco will finish this process under Brazil’s digital asset rules, local media say.
JUST IN: 🇧🇷 Brazil’s largest bank Itaú Unibanco becomes the first bank to be a crypto service provider under the country’s new digital-asset rules. 👀
This allows their 98.5 million customers to have Bitcoin trading and custody through the bank! 🚀 https://t.co/RWzmST7roA
— Bitcoin Magazine (@BitcoinMagazine) October 28, 2026
This move happens before the October 30 compliance deadline. Brazilian regulators are adding rules for cryptocurrency businesses and banks that provide digital asset services.
Itau Formalizes Bitcoin & Crypto Trading Operations
According to Valor Economico, which reported the news on October 27, Itau’s registration includes cryptocurrency services that started in December 2023 through its banking platform.
The bank now offers 15 assets, including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), XRP, and the USDC stablecoin. Customers can start investing with as little as R$10. Itaú handles cryptocurrency custody using its systems.
However, the bank has not shared how many customers are using these services or the trading volumes from its cryptocurrency activities.
Itau’s digital assets executive, Guto Antunes, has highlighted customer security, clear regulatory standards, and strong governance as factors for financial institutions working in the crypto market.
Brazil’s New Crypto Rules Set October 30 Deadline
Brazil’s central bank created a set of rules for companies that deal with virtual assets. These rules will start on February 2, 2026. According to a rule called Resolution 520, financial companies that are already allowed to work can tell the bank when they offer certain types of cryptocurrency services.
Companies that only work with assets must get a license according to the rules for getting permission. Companies that are already working have 270 days to finish the paperwork. The last day is October 30. These companies also need to show that they meet technical standards for their work and security.
Some smaller crypto businesses are worried about these rules. A company called Lemon, which is based in Argentina, said it is leaving Brazil because the costs of getting a license are too high.
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