Odaily Planet Daily reports that Brazil’s cryptocurrency market reached a trading volume of R$505.5 billion (approximately $98.7 billion) in 2025, more than five times the R$94.9 billion recorded in 2020. Corporate-related transactions amounted to R$497 billion, accounting for 98.3% of the total volume reported by Brazil’s Federal Revenue Service, with individual investors making up the remainder.
Brazil’s largest bank by assets, Itaú, now offers 15 crypto assets through its investment app, including Bitcoin, Ethereum, and the USD-pegged stablecoin USDC. Fintech company Nubank lists 28 crypto assets, and Banco do Brasil has seen over 11 million BRL in trading volume since opening direct Bitcoin and Ethereum trading in January.
Brazilian Central Bank filing data as of March 2026 shows that Brazilian banks hold no proprietary positions in virtual assets, but may custody and process crypto assets on behalf of clients. Since 2025, Itaú, Bradesco, Santander, Banco do Brasil, and Nubank have expanded their crypto asset services.
In 2022, Brazil enacted the Virtual Assets Legal Framework and, in November 2025, issued three regulatory resolutions requiring institutions offering cryptocurrency 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. (Decrypt)