Mercado Bitcoin Plans to Resume Brazilian Real Deposits and Withdrawals Via Pix Next Week

Mercado Bitcoin, a Brazilian crypto exchange, plans to resume deposits and withdrawals in Brazilian reais through Pix next week, adding detail to its phased service restoration while crypto deposits and withdrawals remain paused. Withdrawals of reais will be limited to accounts held in each customer’s own name. The plan also includes crediting settlement earnings from fixed-income products. Pix is Brazil’s instant payment system. An earlier update on the phased restoration said the next phase was planned for next week and identified Pix as the intended route for withdrawals. That update also said customers would need to verify their identities again in the app and set new passwords before using their balances. The latest details specify that Pix will handle Brazilian real deposits as well as withdrawals.

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