Nubank has seen a quarterly revenue increase of 1124% in less than four years as its customer base has grown.
Nubank, a Latin American financial bank backed by Warren Buffett’s Berkshire Hathaway, has expanded its crypto offerings by adding four altcoins to its portfolio.
The bank is adding Cardano (ADA), Near Protocol (NEAR), Cosmos (ATOM), and Algorand (ALGO) to its 100 million clients in Brazil, according to a March 25 announcement. The four coins had a combined market capitalization of $34.6 billion at time of writing.
Nubank’s revenue grew to nearly $3 billion at the end of 2024 from $245 million in the first quarter of 2021, Statista data show.
The four additional coins will bring Nubank Cripto’s total coin offerings to 20. Currently, the platform’s customers can buy, sell and swap Bitcoin (BTC), Ether (ETH), Solana (SOL), USDC (USDC), and XRP (XRP).
