Brazilian digital bank Nubank partners with Talos to reduce crypto transaction costs

Brazilian digital bank Nubank has announced a partnership with institutional trading technology provider Talos to lower the cost of cryptocurrency transactions.

In a statement, the company said: "Through this partnership, we hope that customers who trade encrypted assets in Brazilian reals through the Nu application will benefit from reduced costs through Talos' intelligent order routing engine and connections, optimizing trade execution between multiple liquidity providers."

The company also stated that Nubank is one of the world's largest digital banks, serving 90 million customers in Brazil, Mexico, and Colombia. This fintech company launched cryptocurrency trading in May 2022 and currently offers 15 cryptocurrencies through Nubank Cripto.