Binance, the world's largest cryptocurrency exchange by trading volume, has secured approval from the Central Bank of Brazil to acquire Sim;paul, a licensed broker-dealer.

This acquisition makes Binance the first crypto exchange to hold a broker-dealer license in Brazil, marking its 21st global regulatory milestone.

With this license, Binance is authorized to distribute securities and issue electronic money in Brazil, aligning with the country's evolving regulatory framework for digital assets.

This strategic move underscores Binance's commitment to compliance and its dedication to serving Brazil's rapidly growing crypto community.