Mercado Bitcoin, the largest cryptocurrency exchange in Brazil, has integrated INJ, the native token of the Layer-1 Injective blockchain.

According to December 23 mail From Injective INJ, the native utility and governance token of the Layer-1 Injective blockchain, has now been officially integrated into the oldest exchange in Latin America.

The move will allow more than 3 million Mercado Bitcoin customers to directly access Syringe ecosystem Using fiat currencies like the Brazilian Real over fiat currencies for cryptocurrencies. As such, users will be able to interact with Injective's decentralized financial ecosystem, which currently has more than $43 million in total value locked, according to Defillama.

Following this development, INJ's price rose approximately 15.6%, rising from a 24-hour low of $20.52 to $23.72 during early trading hours on December 24.

Founded in 2013, Mercado Bitcoin has grown into one of the largest cryptocurrency exchanges in Latin America, actively working to improve financial accessibility in Brazil through strategic collaborations with leading blockchain projects.

On October 3, podium Announce Partnered with blockchain payments company Ripple, becoming the first company to integrate Ripple payments.

This comprehensive solution enables businesses and users to conduct faster and cheaper cross-border transactions, enhance security, and improve real-time liquidity. The integration also supports direct payments in Brazilian Reals, meeting the needs of retail and corporate clients while simplifying treasury operations for the exchange between Brazil and Portugal.

Mercado Bitcoin also became one of the first exchanges US dollar ripple list (RLUSD), Ripple's dollar-pegged stablecoin, on December 17.

Moreover, the exchange has established notable partnerships with global payment giants such as Mastercard. In May 2024, the exchange will take place cooperated With Mastercard to enable direct transaction capabilities across the Latin American and European corridors.