SoftBank-Backed Broker Avenue To Offer Bitcoin Trading

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Avenue Securities, a U.S.-based securities brokerage firm specialized in serving Brazilian customers, will offer bitcoin trading services beginning next month, according to a Bloomberg report.

“That is beyond a shadow of a doubt the project with the biggest demand from our clients,” Roberto Lee, Avenue’s founder and CEO, told Bloomberg. “Our surveys show that about 15% of our almost 500,000 customers will start trading cryptocurrencies on the first day we offer the service.”

Brazilians are big into bitcoin and cryptocurrency trading. The country has seen trading volume in the burgeoning market nearly match its stock exchange, B3, as investors pile up into bitcoin.

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