Crypto Catch: Argentinian bank offers option to trade in cryptocurrencies

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 Crypto Catch: Argentinian bank offers option to trade in cryptocurrencies
Image source: © Puhimec | Megapixl.com

Highlights

  • The largest bank in Argentina has added the option to trade cryptocurrency on its platform.
  • Bitcoin dropped just slightly overnight to reach US$38,400. Meanwhile, Ethereum also fell slightly to US$2,835.
  • While the last several months have been tough for all crypto prices, Solana has been experiencing very bearish conditions.

The largest bank in Argentina has added the option to trade cryptocurrency on its platform.

The Banco Galicia announced on Monday that it had added a feature in its app for customers to acquire bitcoin, ether, USDC and XRP.

While the bank now allows its users to buy and sell crypto, it dos not allow them to withdraw or send crypto.

The move from the major Argentinian bank marks a further shift to push crypto more into the mainstream.

Last week The Central Republic of Africa became the second country in the world to adopt Bitcoin as legal tender. In September last year, El Salvador became the first country to achieve this feat.

Banco Galicia plans to roll out the service to all its customers by mid-May.

Market News

Bitcoin dropped just slightly overnight to reach US$38,400. Meanwhile, Ethereum also fell slightly to US$2,835.

Altcoin News

While the last several months have been tough for all crypto prices, Solana has been experiencing very bearish conditions.

According to analytics, while Solana’s price is currently US$87.44, Solana’s price downslide slope has a projected target of US$63.

If the bulls can establish price action in this zone, this could result in a countertrend rally, resulting in a 30 per cent increase from the current SOL price of US$87.44.

Winners and Losers

Image Source @ 2022 Kalkine Media®

Data Source: CoinMarketCap.com, based on top 100 cryptos.

Note: Growth from the 24 hours prior to 12:30pm AEDT

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