A Boon For Crypto – Binance Expands In Brazil With 2 New Offices
Registered crypto users in Brazil are increasing at a consistently steady pace, despite the bear market rearing its ugly head. Based on latest data, the South American country has tallied more than 1 million registered crypto accounts for the month of July alone, adding to its nearly 35 million users, Brazilian tax authority Receita Federal […]
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Binance revealed it has more than 150 employees to cover its operations in Brazil and appears to be in good standing with the local government and regulatory agencies. Changpeng “CZ” Zhao-led crypto exchange Binance has opened up two offices in Brazil as the firm looks to tap the country’s emerging crypto market, with reportedly more than 34.5 million crypto users there.According to an Oct. 3 announcement, Binance has now opened offices in São Paulo and Rio de Janeiro, with more than 150 employees to be spread across the firm’s operations in Brazil. “The exchange operates in full....
Binance, one of the biggest crypto exchanges by volume traded, has announced its expansion plans for Brazil. The exchange will open two new offices in the country to host 150 employees, who will be able to choose if they want to work in-office or remotely. The company also hinted at the launch of a debit card in the future.
Binance Expands Team Facilities in Brazil
Latam countries like Brazil are becoming more and more important for cryptocurrency exchanges all over the world, due to the boom that crypto is experiencing in the region. Leading cryptocurrency exchange Binance has....
Binance announced this week that the direct withdrawal and deposits were suspended in Brazil. The exchange issued a statement where it announced that this was the result of a change in the payments partner in the country and that it will be taking legal steps against it. However, the partner states that Binance did not adapt to provide the new KYC information required by Brazil’s central bank.
Binance Stops Real Related Movements
Binance stopped real-based direct deposits and withdrawals in Brazil this week as a result of a change in its secondary payments provider. The....
Leading cryptocurrency exchange Binance is showing its intention of expanding its activities to Brazil. The company announced that it has signed a memorandum of understanding with a regulated securities brokerage firm in Brazil, with the intention of acquiring it. The company, called Sim;paul Investimentos, offers different investment options to its customers, including various funds and stocks, and is said to be completely compliant with Brazilian laws.
Binance Inks Memorandum of Understanding With Sim;paul Investimentos
Binance is setting its sights on Latam, specifically....
The Spanish cryptocurrency exchange Bit2me is taking interest in getting into the Latam market. The company has launched its operations in Brazil by introducing an office in the country that will deal with compliance issues to make the exchange a safe option for Brazilians. The exchange aims to successfully tackle the 20-million-customer market in the country.
Bit2me Expands to Brazil With Latam as Target
Bit2me, one of the most recognized Spain-based exchanges, is taking steps to expand to Latam. The exchange announced the establishment of a new office in Brazil, which will be....