🇧🇷 Binance, one of the world's largest cryptocurrency exchanges, has taken a significant step in Brazil by acquiring Sim;paul Investimentos, a securities brokerage platform. This makes Binance the first platform in Brazil with a securities brokerage license, allowing it to offer a range of products, including stocks and fund distribution. CEO Richard Teng emphasized Brazil's vibrant crypto market and the importance of compliance in this move. While Binance focuses on enhancing its local operations, it aims to avoid service disruptions like withdrawals and deposits with operativity redundance. This acquisition, over two years in the making, reinforces Binance's commitment to regulatory excellence in Brazil. 💼