Binance, the world’s largest crypto exchange, has taken a significant step towards crypto adoption in Latin America with the approval it received from the Central Bank of Brazil (BCB). The approval allows Binance to operate as a licensed broker-dealer in Brazil and enables it to acquire São Paulo-based investment platform Sim;paul. This development makes Binance the first crypto exchange in Brazil to hold a broker-dealer license. Binance’s 24-hour trading volume exceeded $18.2 billion, three times that of its closest competitor Bybit, according to Messari data. Share your thoughts in the comments.