Market
Which Latin American country will Binance secure a broker-dealer license in next by end of 2025?
2
Resolution / Starting Odds
Argentina • 25%
Chile • 25%
Colombia • 25%
Other • 25%
Official announcements from Binance or regulatory bodies in Latin America
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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Launches a crypto education initiative • 25%
Partners with a local bank • 25%
Launches a new exchange in another Latin American country • 25%
Other • 25%
Obtains another broker license in Latin America • 25%
Obtains a new license in Europe • 25%
Other • 25%
Obtains a new license in Asia • 25%
Other • 25%
Crypto lending • 25%
Crypto derivatives • 25%
Staking services • 25%
Top 3 • 25%
Below Top 3 • 25%
Top 1 • 25%
Top 2 • 25%
Regulatory changes in Brazil • 25%
No significant impact • 25%
Increase in competition among exchanges • 25%
Significant increase in trading volume • 25%
Innovative products • 25%
Increased crypto adoption • 25%
Marketing strategy • 25%
Regulatory approval • 25%
IMF • 25%
World Bank • 25%
Private Crypto Company • 25%
Other • 25%
