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Sergey Shendetskyi

24.11.2025

Foxbit review: Exchange secures 2 million-user payment reach with Shipay integration — Foxbit secures 2M-user payment integration

Foxbit, one of Brazil’s longest-operating cryptocurrency firms, has expanded its payment infrastructure through a partnership with payment platform Shipay. The integration allows Foxbit Pay to connect with more than 400 point-of-sale systems across the country, enabling access to over 2 million consumers. The announcement, made in October 2025, marks a significant step toward normalizing cryptocurrency transactions in Brazil’s mainstream economy.

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Through the integration, businesses will be able to accept crypto payments and receive settlements in Brazilian reais, reducing exposure to digital asset volatility. This merchant-focused offering adds to Foxbit’s growing ecosystem of institutional-grade services that include tokenization, liquidity provision, crypto-as-a-service (CaaS), and OTC solutions.

Strategic transformation into a multi-vertical crypto business

Founded in 2014, Foxbit has evolved from a retail brokerage into a diversified crypto infrastructure group. According to CEO Ricardo Dantas, the firm now operates six business units spanning payments, tokenization, financial services, and platform infrastructure. In 2025, Foxbit was named one of the fastest-growing companies in Brazil by Exame magazine, based on its performance in net operating revenue.

This business realignment reflects a broader market shift toward blockchain-enabled financial services. As part of its institutional strategy, Foxbit is also participating in Brazil’s DREX pilot, a digital real currency initiative led by the central bank.

Benefits and outlook for traders

Retail users on the Foxbit platform gain access to crypto trading with fiat deposits in Brazilian reais, while business clients can implement advanced crypto payment tools with localized settlement. The group’s scale and regulatory participation position it well in a competitive market, though execution will depend on how quickly its services are adopted and expanded.

For those evaluating the platform’s cost structure, a detailed overview of Foxbit spot trading fees offers transparency into how charges are applied across different trading activities.

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