USDWeekly Recap: Top Institutions Expand Crypto Products Across Key Markets
![Robot plants crypto altcoin in animated transaction field [Nubank]](https://prod-coin360-cms.s3.eu-central-1.amazonaws.com/Robot_plants_crypto_altcoin_in_animated_transaction_field_Nubank_11zon_65af945d3d.webp)
eToro Launches Crypto-to-Fiat Conversion for UK and EU Clients, Enabling BTC and ETH Transactions
eToro has launched a new crypto-to-fiat conversion feature for UK and EU clients, allowing users to convert Bitcoin (BTC), Ethereum (ETH), and other cryptocurrencies into traditional fiat currencies. This initiative aims to address the high volatility of cryptocurrencies and provides investors with a secure method to lock in profits and diversify their portfolios across various asset classes. Doron Rosenblum, EVP of Business Solutions at eToro, emphasized the importance of this feature for investors who are looking to mature in their trading approaches. Given recent market fluctuations, with BTC experiencing highs of $108k and lows below $90k, this functionality enables seamless transitions from crypto to GBP or EUR, allowing users to reinvest or withdraw funds. The move aligns with the UK’s growing regulatory framework aimed at fostering crypto growth, with suggestions that crypto taxation could stimulate economic expansion by redirecting investments into local stocks.
Nubank Expands Crypto Portfolio with Four New Altcoins for 100 Million Users in Brazil
Nubank, a Latin American bank backed by Warren Buffett's Berkshire Hathaway, is expanding its crypto offerings by adding four altcoins: Cardano (ADA), Near Protocol (NEAR), Cosmos (ATOM), and Algorand (ALGO) to its portfolio, which now totals 20 coins. The announcement on March 25 revealed that these additions, with a combined market cap of $34.6 billion, will be available to Nubank’s 100 million clients in Brazil. The bank's revenue surged to nearly $3 billion by the end of 2024, a significant increase from $245 million in early 2021. Nubank's foray into digital assets began in 2022, and Brazil has emerged as the leading crypto market in Latin America, with $6 billion traded in 2024. Meanwhile, stablecoins dominate the market, accounting for 90% of crypto transactions. Notably, Binance and Revolut have also entered Brazil's expanding crypto sector, which is witnessing legislative support for Bitcoin salary payments.
Revolut Launches Mobile Crypto Exchange App Revolut X for UK and EEA Users
On March 26, 2025, Revolut, the London-based fintech unicorn, launched a mobile app for its crypto exchange, Revolut X, catering to users across the UK and European Economic Area (EEA). This new platform allows Revolut account holders in these regions to trade over 400 crypto pairs and more than 220 digital tokens directly from their mobile devices. Revolut X was initially introduced in November 2024 as a standalone exchange for professional traders only, marking a strategic shift to accommodate all users. The company, boasting over 45 million users and valued at $45 billion, aims to provide a secure and accessible trading experience. With the ongoing expansion of crypto services in Europe, Revolut plans to strengthen its market presence amid growing competition from other providers, underscoring its ambition to enhance and grow the exchange further.
Rumble Launches Crypto Wallet to Boost Creator Monetization with $775M Tether Investment
Rumble is enhancing digital asset adoption among global content creators through the launch of its new Rumble Wallet, following a substantial $775 million investment from Tether. CEO Chris Pavlovski emphasized that the wallet will enable creators to monetize content more effectively than traditional advertising, particularly in international markets. The wallet supports Bitcoin and USDT transactions for subscriptions, tips, and earnings, reflecting a broader strategy that includes holding Bitcoin as a treasury reserve, with planned purchases totaling up to $20 million. Rumble reported a 48% year-over-year revenue increase, reaching $30.2 million in Q4 2024, and its monthly active users soared to 68 million, marking a 21% growth in the US and Canada. The wallet is expected to benefit creators in regions with limited banking access, offering instant fund settlements, allowing them to utilize Bitcoin and USDT for saving and daily expenses without the delays of traditional transfers.
Chainlink Partners with ADGM to Advance Tokenization in the UAE
Chainlink has partnered with the Abu Dhabi Global Market (ADGM) through a Memorandum of Understanding (MoU) to develop compliant frameworks for tokenized assets, enhancing blockchain adoption in the UAE and beyond. This collaboration aims to leverage Chainlink's blockchain services, including verified data and proof-of-reserve solutions, facilitating secure and legal asset tokenization in financial markets. Educational workshops will be organized to cover topics like cross-chain infrastructure and AI integration, promoting regulatory clarity in the regional blockchain ecosystem. Chainlink's extensive services have enabled over USD 19 trillion in transaction value globally, enhancing liquidity and interoperability in digital markets. Following the announcement, LINK's price surged to $15, reflecting a 5.74% increase in 24 hours, alongside a 79.46% spike in trading volume, reaching nearly $399 million, indicating a resurgence of investor interest in Chainlink's offerings and the broader blockchain landscape.
This article has been refined and enhanced by ChatGPT.
