Market
What will Binance's market share in Brazil be by end of 2025?
3
Resolution / Starting Odds
Less than 10% • 25%
10% to 20% • 25%
20% to 30% • 25%
More than 30% • 25%
Market analysis reports from reputable financial analysis firms
Story
Binance Secures 21st Global Regulatory Milestone, Acquires Sim;paul as First Crypto Exchange with Broker-Dealer License in Brazil
Jan 2, 2025, 04:02 PM
Binance has received regulatory approval from Brazil's Central Bank to acquire Sim;paul, a licensed broker-dealer, making it the first cryptocurrency exchange to obtain a broker-dealer license in Brazil. This acquisition represents Binance's 21st global regulatory milestone, highlighting its commitment to compliance and regulatory excellence. The approval comes as Brazil continues to embrace cryptocurrency, positioning itself as a significant player in the global crypto market. Binance, which has recently reached 250 million registered users, aims to leverage this new license to expand its operations in the rapidly growing Latin American market.
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Top 1 • 25%
Below Top 3 • 25%
Top 3 • 25%
Top 2 • 25%
Yes • 50%
No • 50%
Regulatory changes in Brazil • 25%
Significant increase in trading volume • 25%
Increase in competition among exchanges • 25%
No significant impact • 25%
Regulatory approval • 25%
Increased crypto adoption • 25%
Innovative products • 25%
Marketing strategy • 25%
Less than 20% • 25%
More than 40% • 25%
20% to 30% • 25%
30% to 40% • 25%
Crypto lending • 25%
Other • 25%
Staking services • 25%
Crypto derivatives • 25%
Yes, Coinbase leads • 25%
Coinbase remains second • 25%
Coinbase falls to third or lower • 25%
No significant change • 25%
Partners with a local bank • 25%
Launches a new exchange in another Latin American country • 25%
Launches a crypto education initiative • 25%
Other • 25%