Vinicius Meireles

Is Brazil's most ambitious crypto company on the ropes?

There are not many big cryptocurrency companies in Brazil. Most of them are exchanges: Mercado Bitcoin, Foxbit, BitcoinTrade, BitCambio and GBB's exchanges (NegocieCoins and TemBTC). With some $100 million under management, and though not an exchange per se, Atlas Quantum is the most ambitious of the crypto finance companies. Atlas claims to arbitrage bitcoin and Tether at overseas exchanges in order to deliver its results at a whopping 3-7% a month (~60% a year). I am not aware of any other com...