According to ME News, on September 8 (UTC+8), Brazil’s cryptocurrency market recorded transaction volume of BRL 505.5 billion (approximately USD 98.7 billion) in 2025, more than five times the BRL 94.9 billion recorded in 2020. Corporate-related transactions amounted to BRL 497 billion, accounting for 98.3% of the total reported by Brazil’s Federal Revenue Service, with individual investors making up the remainder. Itaú, Brazil’s largest asset management bank, offers 15 crypto assets through its investment app, including Bitcoin, Ethereum, and the USD-pegged stablecoin USDC. Fintech company Nubank lists 28 crypto assets. Since Banco do Brasil began offering direct Bitcoin and Ethereum trading in January, transaction volume has exceeded BRL 11 million. Brazilian Central Bank filings through March 2026 indicate that Brazilian banks hold no virtual assets on their own balance sheets but are permitted to custody and process crypto assets on behalf of clients. Since 2025, Itaú, Bradesco, Santander, Banco do Brasil, and Nubank have all expanded their crypto asset services. Brazil enacted its Virtual Assets Legal Framework in 2022 and issued three regulatory resolutions in November 2025, requiring institutions offering crypto trading, custody, or transfer services to obtain licenses, meet minimum capital requirements, and segregate client accounts, with a compliance deadline of October 30, 2026. Banco Safra issued the USD-pegged stablecoin Safra Dólar in September 2025, self-custodied by the bank. (Source: ODAILY)
Brazil's crypto market to reach $98.7 billion by 2025 as banks expand services
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Summary
Brazil’s crypto compliance framework is projected to drive the market to $98.7 billion by 2025, according to MetaEra. Banks such as Itaú and Nubank are expanding their services, though no major institution currently holds crypto assets. The central bank requires licenses and capital buffers for crypto operations, with full compliance mandated by October 30, 2026. Liquidity and crypto markets are expected to benefit from this regulatory clarity.
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