Nubank Expands Crypto Offerings To Include Cardano (ADA), Near Protocol (Near), Cosmos (Atom), and Alterand (something)

Brazilian neobank giant Nubank has expanded its crypto offerings, adding support for ADA, NEAR, ATOM, and ALGO.

Brazilian neobank giant Nubank has expanded its crypto offerings, adding support for ADA, NEAR, ATOM, and ALGO.

The Brazilian neobank, which boasts over 85 million customers, is expanding its crypto portfolio with four new tokens.

The Brazilian neobank, which boasts over 85 million customers, is expanding its crypto portfolio with four new tokens.

Customers of Nubank’s crypto arm, Nubank Cripto, can now trade Cardano (ADA), NEAR Protocol (NEAR), Cosmos (ATOM), and Algorand (ALGO).

This addition brings the total number of crypto assets available on the neobank’s platform to 20, which also includes Bitcoin (BTC), Ethereum (ETH), and the USD Coin (USDC) stablecoin among others.

Announcing the portfolio expansion, Thomaz Fortes, executive director of Nubank’s crypto and virtual assets division, said the company plans to continue “expanding our selection of tokens throughout the year, always with a careful analysis of the options.”

Earlier in January, the bank launched a fixed 4% annual return for USDC holders, making the feature available to all crypto wallet users. To be eligible, customers need to maintain a minimum balance of 10 USDC in their crypto wallets.

Earlier in January, the bank launched a fixed 4% annual return for USDC holders, making the feature available to all crypto wallet users. To be eligible, customers need to maintain a minimum balance of 10 USDC in their crypto wallets.

Returns are credited daily, and users can activate or deactivate the feature through the Nubank app.

The neobank has been working to grow its crypto offerings, though not all efforts have gone smoothly. For instance, in September 2024, the bank suddenly stopped trading its Nucoin token, saying it wanted to protect users from market volatility. The bank launched Nucoin in late 2022 on the Polygon network as part of a rewards program offering perks like discounts.