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$BRL / $BRZ futures are live on FTX, as well as BRL bank deposits and withdrawals! ftx.com/trade/BRZ-PERP

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May 7, 2020

We've added support for Brazilian Real to FTX! You can deposit and withdraw $BRL with bank transfers and trade BRL/USD! ftx.com/wallet for BRL deposits, ftx.com/trade/BRL/USD to trade. Futures coming today! Powered with $BRZ help.ftx.com/hc/en-us/artic

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Marcel Pechman USD is a 🆂🅷🅸🆃🅲

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and

is there some form of 'catch', such as depositing fiat BRL and it automatically converts to BRZ ? cause if that's the case (most likely), clients should be informed that BRL withdrawal relies on 3rd party

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It's pretty explicit about that-- a) it's called "Brazilian Real and BRZ" in your wallet b) if you try to deposit BRL it says "Depositing or withdrawing fiat currencies will be facilitated with a third party OTC desk." c) you can still withdraw it out as BRL or BRZ in the end

Marcel Pechman USD is a 🆂🅷🅸🆃🅲

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and

that's NOT true, and u know it. you can withdraw as long as this 3rd parter allows. Brazilian Real and BRZ are not the same thing, not even close.

SBF

@SBF_FTX

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@noshitcoins

It is dependent on the 3rd party but it's also stored as BRL in a Brazilian bank account

6:18 PM · May 7, 2020Twitter Web App

Marcel Pechman USD is a 🆂🅷🅸🆃🅲

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and

is there some kind of escrow? 3rd party audit at least?

Marcel Pechman USD is a 🆂🅷🅸🆃🅲

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and

ps: don't get me wrong. I love what FTX is doing - in general. I'm just opposed when something sold is different from the promise

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We can confirm the funds in the bank account. Understood--FWIW I think the most popular use case of this isn't going to be holding it, it'll be sending in BRL and selling. And I felt like from the description it was pretty clear! But if most people disagree happy to add more.

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