XP Investimentos, one of the largest brokerages in Latin America, announced that it will hold a full-day event aimed at the cryptocurrency market.

As announced by XP, the event will be called “CryptoDay” and will be held on May 11, starting at 8:30 am.

The live will be attended by Reinaldo Rabelo, CEO of the Bitcoin Market and Marcelo Sampaio, CEO of Hashdex.

According to XP, Crypto Day will debate the growth of Bitcoin in the national market. In addition, it will address issues such as mining, regulation, the future of cryptocurrency and why to invest in Bitcoin.

Bitcoin and other cryptocurrencies

According to Fernando Ferreira, XP strategist, Bitcoin and the cryptocurrency market is getting more mature. After all, it is beginning to “institutionalize”.

“[Bitcoin] is now accepted for trading on exchanges, investment funds start investing in cryptocurrencies and more financial institutions allow their clients to invest in cryptocurrencies. Coinbase's recent IPO was a major milestone and progress in that direction, ”he said.

With this maturation, Ferreira hopes that there will be more efforts by governments to regulate this market. As a consequence of this regulation, he believes that volatility will decrease and cryptocurrencies will be more accepted.

In addition, the executive pointed out that, although there are more than 5,000 cryptocurrencies, few are as mature as BTC.

At the moment, the market value of cryptocurrencies is $ 1.8 trillion, but Bitcoin alone accounts for $ 1 trillion.

Currently, XP distributes several cryptocurrency funds, mainly from the Hashdex manager, they are: Hashdex 40 Nasdaq Crypto, Hashdex Bitcoin Full and Hashdex Criptoativos Voyager to qualified investors.

For the general public, the brokerage allows the purchase of the Hashdex 20 Nasdaq Crypto.

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