Binance secures 21st global crypto license in Brazil
Summary
Binance has received its 21st global regulatory authorization from Banco Central do Brasil, marking a significant step for crypto adoption in Latin America. It is now a licensed broker-dealer in Brazil, allowing it to acquire São Paulo-based investment platform Sim;paul. This makes Binance the first crypto exchange with a broker-dealer license in Brazil. Binance's 24-hour trading volume surpassed $18.2 billion, significantly higher than Bybit's $6.3 billion.
