By lutch 
Mercado Bitcoin, Brazil’s leading cryptocurrency exchange, has officially integrated INJ, the native token of the Injective blockchain, into its platform. This integration was announced on December 24, 2024, aiming to provide over 3 million Mercado Bitcoin users direct access to the Injective ecosystem.
The partnership allows for the trading of INJ against Brazilian Real (BRL), facilitating a seamless entry into the decentralized finance (DeFi) world for users in Brazil. This step is significant as it marks the integration of INJ into one of Latin America’s oldest and most established exchanges, enhancing the token’s liquidity and accessibility.
Injective, known for its Layer-1 blockchain designed to power DeFi applications, particularly excels in providing fast, secure, and gasless transactions. With this new integration, Mercado Bitcoin users can now engage with Injective’s decentralized finance offerings, including derivatives, spot trading, and prediction markets, directly from the exchange.
Following the announcement, INJ experienced a price surge of approximately 15.6%, moving from a 24-hour low of $20.52 to $23.72, reflecting positive market sentiment. This move by Mercado Bitcoin not only broadens the utility of INJ but also underscores the growing acceptance of DeFi solutions in one of the world’s most vibrant crypto markets.
Mercado Bitcoin has been actively expanding its offerings, previously integrating Ripple’s RLUSD stablecoin and partnering with global payment giants like Mastercard, indicating a strategic focus on enhancing its platform’s capabilities. The integration of INJ could potentially catalyze further growth in the Brazilian crypto market, offering users more avenues for investment and participation in global blockchain ecosystems.
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