Binance has become the first cryptocurrency broker-dealer authorized in Brazil
Binance has reached a major milestone by becoming the first #cryptocurrency exchange in Brazil to be authorized as a broker-dealer.
With authorization from the Brazilian Central Bank, #Binance was able to acquire Sim;paul, a São Paulo-based investment platform authorized to distribute securities and issue electronic money.
This latest move strengthens Binance's position as a global leader in the cryptocurrency space, already having
At the same time, Binance maintains its dominance in terms of turnover: in 24 hours, turnover reached $18.2 billion, well ahead of competitors such as Bybit, which reached $6.3 billion.
Brazil is becoming an important player in the world of cryptocurrencies, and efforts to introduce robust regulation are gaining momentum.
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