Corporate Clients Hold Up to 15% of Assets on Mercado Bitcoin, Exchange Exec Says

Corporate clients, primarily small and medium enterprises, hold between 10% and 15% of all assets on Mercado Bitcoin, Brazil's largest crypto exchange, according to Daniel Cunha, head of corporate development. These companies are not actively trading; instead, they are using bitcoin and stablecoins like USDT and USDC for conservative cash management. Cunha noted these firms typically do not move more than 10% of their holdings at any given moment. This adoption trend emerged as larger companies like Strategy began using bitcoin as a treasury asset. The rise in institutional activity is contributing to reduced volatility in the crypto markets, making bitcoin increasingly attractive to treasury managers. Cunha highlighted that while there's institutional adoption, larger corporations in Brazil remain cautious and have not yet fully engaged with cryptocurrency.

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