Binance Becomes Brazil’s First Licensed Crypto Broker-Dealer

Binance has reached a significant landmark by becoming the first cryptocurrency exchange licensed as a broker-dealer in Brazil, a pivotal step for advancing digital asset adoption in Latin America.

This approval from Banco Central do Brasil allows Binance to acquire São Paulo-based Sim;paul, an investment platform authorized to distribute securities and issue electronic money.

This latest move solidifies Binance’s position as a global leader in the crypto space, with 21 regulatory approvals now under its belt.

At the same time, the exchange continues to dominate trading volumes, reporting a 24-hour turnover of $18.2 billion, far surpassing competitors like Bybit, which managed $6.3 billion.

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Brazil is emerging as a key player in the crypto world, with efforts to implement robust regulations gaining momentum.

According to Binance’s Latin America head, Guilherme Nazar, the Brazilian government has adopted a collaborative approach, inviting input from industry stakeholders and the public. Final regulations are expected to be unveiled by mid-2025, shaping the country’s crypto landscape.

Alexander Zdravkov

Alexander has been working in the crypto industry for three years, during which time he has established himself through his active participation in monitoring market dynamics and technological innovations. His interest in cryptocurrencies and new technologies is not just a professional commitment, but a deep personal passion. He follows the news in the sector daily, analyzes trends, and is excited about every new step in the development of blockchain solutions. His enthusiasm drives him to continuously learn and share knowledge, as he sees the future in digital finance and its role in global transformation.