Source: Cointelegraph Original: "{title}"

Supported by Warren Buffett's Berkshire Hathaway, the Latin American financial bank Nubank has expanded its cryptocurrency offerings by adding four altcoins.

According to an announcement on March 25, the bank is adding Cardano (ADA), Near Protocol (NEAR), Cosmos (ATOM), and Algorand (ALGO) for its 100 million customers in Brazil. At the time of writing, the total market capitalization of these four tokens is $34.6 billion.

Data from Statista shows that Nubank's revenue has grown from $245 million in the first quarter of 2021 to nearly $3 billion by the end of 2024.

The addition of these four new tokens will bring the total number of cryptocurrencies available on Nubank Cripto to 20. Currently, customers on the platform can buy, sell, and exchange Bitcoin (BTC), Ethereum (ETH), Solana (SOL), USDC, and Ripple (XRP).

Warren Buffett's Berkshire Hathaway has invested in Nubank multiple times. In 2021, Berkshire Hathaway invested $500 million in Nubank's Series G funding round, followed by an additional $1 billion. From 2022 to 2024, Buffett's company increased its ownership stake in Nubank from 0.1% to 0.4%.

Brazil is the largest economy in Latin America, with world economists estimating the country's GDP to be around $5.4 trillion in 2024.

The country's cryptocurrency market has experienced significant growth in recent years, with stablecoins accounting for 90% of all cryptocurrency transactions.

In January 2025, Binance became the first cryptocurrency exchange to obtain a broker-dealer license to operate in Brazil. The UK fintech company Revolut has also entered the country's cryptocurrency market.

In 2024, Brazil led Latin America in cryptocurrency trading volume, with a transaction value of $6 billion. Lawmakers in the country are currently considering allowing salaries to be paid in Bitcoin.

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