{"id":125798,"date":"2025-03-25T19:16:37","date_gmt":"2025-03-25T19:16:37","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=125798"},"modified":"2025-03-25T19:16:37","modified_gmt":"2025-03-25T19:16:37","slug":"berkshire-backed-nubank-adds-ada-near-atom-to-crypto-offerings","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=125798","title":{"rendered":"Berkshire-backed Nubank adds ADA, NEAR, ATOM to crypto offerings"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsNubank, a Latin American financial bank backed by Warren Buffett\u2019s Berkshire Hathaway, has expanded its crypto offerings by adding four altcoins to its portfolio. The bank is adding Cardano (ADA), Near Protocol (NEAR), Cosmos (ATOM), and Algorand (ALGO) to its 100 million clients in Brazil, according to a March 25 announcement. The four coins had a combined market capitalization of $34.6 billion at time of writing.<br \/>\nNubank\u2019s revenue grew to nearly $3 billion at the end of 2024 from $245 million in the first quarter of 2021, Statista data show.<br \/>\nThe four additional coins will bring Nubank Cripto\u2019s total coin offerings to 20. Currently, the platform\u2019s customers can buy, sell and swap Bitcoin (BTC), Ether (ETH), Solana (SOL), USDC (USDC), and XRP (XRP).<br \/>\nWarren Buffett\u2019s Berkshire Hathaway has invested in Nubank multiple times. In 2021, Berkshire Hathaway invested $500 million in Nubank\u2019s Series G funding round, an amount later followed by an additional $1 billion. From 2022 to 2024, Buffett\u2019s company increased its ownership stake in Nubank to 0.4% from 0.1%.<br \/>\nNubank\u2019s crypto push faces competition<br \/>\nNubank has been diving into digital assets since 2022, when it announced the allocation of 1% of net assets to BTC and started offering crypto services. In October 2022, the company revealed plans to launch its loyalty tokens on the Polygon blockchain. It discontinued the servicein 2024.<br \/>\nBrazil is the largest economy in Latin America, with a gross domestic product (GDP) of approximately $5.4 trillion in 2024, World Economics estimates.<br \/>\nThe country\u2019s cryptocurrency market has experienced significant growth over the past few years, with stablecoins accounting for 90% of all crypto transactions.<br \/>\nIn January 2025, Binance became the first crypto exchange to secure a broker-dealer license to operate in Brazil. UK fintech Revolut has also entered the country\u2019s crypto market.<br \/>\nIn 2024, Brazil led crypto trading volume in Latin America with $6 billion traded. The country\u2019s lawmakers are currently considering allowing salary payments in Bitcoin.<br \/>\nMagazine: Charles Hoskinson, Cardano and Ethereum \u2013 for the record<a href=\"https:\/\/cointelegraph.com\/news\/berkshire-backed-nubank-adds-ada-near-atom-to-crypto-portfolio?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsNubank, a Latin American financial bank backed by Warren Buffett\u2019s Berkshire Hathaway, has expanded its crypto offerings by adding four altcoins to its portfolio. The bank is adding&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/125798"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=125798"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/125798\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=125798"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=125798"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=125798"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}