Gate launches Brazil PIX buy crypto channel, supporting zero-fee efficient deposits

PANews, February 27 — Gate has officially launched a PIX purchasing channel for Brazilian users, supporting cryptocurrency purchases through the instant payment system PIX, directly developed and operated by the Central Bank of Brazil. This channel features zero fees, real-time settlement, and competitive exchange rates. Users can complete payments directly using their bank accounts linked to their CPF, with funds transfers and currency exchanges completed within minutes.

Public information shows that since its launch in 2020, PIX has become a mainstream payment infrastructure in Brazil, covering over 160 million users. Gate’s integration of PIX aims to optimize local fiat on-ramp pathways, reduce traditional payment costs and time barriers, and improve transaction traceability and compliance. As demand for digital assets grows in the Latin American market, the development of localized payment channels will become a key competitive factor for platforms. Over the past week, transaction volume through Gate’s Brazil PIX purchasing channel has continued to rise, reaching a recent high with a month-over-month increase of over 40%. Gate will continue to leverage local payment infrastructure features to gradually improve its global localized service system.