From Cointelegraph

March 25, 2025 2:50 pm:

Nubank, backed by Warren Buffett, adds Cardano, Near Protocol, Cosmos, and Algorand to its crypto offerings for 100 million clients in Brazil, with a combined market capitalization of $34.6 billion. Revenue grew to nearly $3 billion in 2024 from $245 million in Q1 2021.

Berkshire Hathaway invested multiple times in Nubank, increasing ownership stake from 0.1% to 0.4%. Nubank added four altcoins to its offerings, bringing the total to 20, including Bitcoin, Ether, Solana, USDC, and XRP.

Nubank faces competition in Brazil’s growing crypto market with Binance securing a broker-dealer license and Revolut entering. The country led Latin America in crypto trading volume in 2024 with $6 billion traded, lawmakers consider allowing salary payments in Bitcoin.

Read more at Cointelegraph: Berkshire-backed Nubank adds ADA, NEAR, ATOM to crypto offerings