Dossier
Cielo
Coverage of Cielo in the Nexus archive.
- XP Enters Card Machines, Challenging Brazil’s Stone and Cielo
XP is expanding into card machines in Brazil, with 2025 card TPV reaching R$52.2 billion (US$10.3 billion), a 9% YoY increase. The company reported 1.5 million active cards in Q4 2025 and 4 million clients, challenging competitors Stone and Cielo.
- Anyone else find that "smart money" wallet tracking is basically useless for actual copy-trading?
The author spent weekends backtesting a copy-trading strategy on Solana and found that 'smart money' wallet tracking is mostly useless due to unrealistic execution lag and fees. The alpha disappears when replaying trades with realistic conditions, except for wallets trading higher-liquidity stuff. The author seeks different experiences from others.