PANews reported on December 6 that, according to The Block, Nubank, a Brazilian digital bank, announced a partnership with Talos, an institutional trading technology provider, aiming to reduce the cost of cryptocurrency transactions. Through this partnership, customers who wish to trade crypto assets in Brazilian Real through the Nu app will be able to reduce costs through Talos' intelligent order routing engine and connectivity, optimizing trade execution across multiple liquidity providers. Nubank, which serves 90 million customers in Brazil, Mexico and Colombia, launched cryptocurrency trading in May 2022 and currently offers 15 cryptocurrencies through Nubank Cripto, the company also said.

Nubank, a Brazilian digital bank, has announced a partnership with Talos, an institutional trading technology provider, with the aim of reducing cryptocurrency transaction costs, Gold Finance reported. "Through this partnership, clients who want to trade crypto assets in Brazilian Real through the Nu app will benefit from reducing costs through Talos' intelligent order routing engine and connectivity, optimizing trade execution across multiple liquidity providers," the company said in a statement. ” The company also said that Nubank is one of the largest digital banks in the world, serving 90 million customers in Brazil, Mexico and Colombia. The fintech company launched cryptocurrency trading in May 2022 and currently offers 15 cryptocurrencies through Nubank Cripto.

Warren Buffett bought 107 million shares of Brazilian fintech company Nu Holdings in two rounds in 2021 through his company Berkshire Hathaway, Golden Finance reported. Nu Holdings is also the owner of Nubank, a crypto-friendly fintech bank. Berkshire Hathaway invested $500 million in Nu Holdings in June 2021 and increased its stake by another $250 million in December 2021. According to the Q2 2023 earnings report, the company has not sold any shares since. Nu's share price is currently up nearly 106% year-to-date (YTD), meaning that Buffett's $750 million position is now worth about $879.5 million, assuming Berkshire Hathaway hasn't sold any Nu shares yet. However, at its peak in February 2022, the position was worth more than $1 billion.

Warren Buffett bought 107 million shares of Brazilian fintech company Nu Holdings in two rounds in 2021 through his company Berkshire Hathaway, Golden Finance reported. Nu Holdings is also the owner of Nubank, a crypto-friendly fintech bank. Berkshire Hathaway invested $500 million in Nu Holdings in June 2021 and increased its stake by another $250 million in December 2021. According to the Q2 2023 earnings report, the company has not sold any shares since. Nu's share price is currently up nearly 106% year-to-date (YTD), meaning that Buffett's $750 million position is now worth about $879.5 million, assuming Berkshire Hathaway hasn't sold any Nu shares yet. However, at its peak in February 2022, the position was worth more than $1 billion.

Gold Finance reported that Nu Holdings, the parent company of Brazilian bank Nubank in which Buffett led Berkshire Hathaway's previous investment, has soared 93% this year. Berkshire began injecting $500 million into Nu Holdings in June 2021, and the company invested another $250 million in the cryptocurrency-friendly bank when it went public in December 2021. As of June, Berkshire owned about 107 million shares of the company, a shareholding ratio of about 2 percent, worth $845 million. Gold Finance Note: Nubank Bank allows cryptocurrencies to be traded on the platform and even issued a native token in March this year.