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What new service will Binance introduce in Brazil by June 30, 2025?
3
Resolution / Starting Odds
Crypto lending • 25%
Crypto derivatives • 25%
Staking services • 25%
Other • 25%
Official announcements from Binance
Story
Binance Acquires Sim;paul, Gains First Broker-Dealer License in Brazil with Central Bank Approval
Jan 2, 2025, 01:21 PM
Binance, the world's largest cryptocurrency exchange, has secured approval from the Central Bank of Brazil to acquire Sim;paul, a local licensed broker-dealer. This acquisition marks Binance's 21st global regulatory milestone and positions it as the first crypto exchange to hold a broker-dealer license in Brazil. The approval enables Binance to offer enhanced financial services and aligns with the country's growing crypto market. Binance CEO Richard Teng emphasized the company's commitment to compliance and security, aiming to provide a secure and innovative platform for local users in Brazil, a market with increasing crypto adoption.
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Significant increase in trading volume • 25%
No significant impact • 25%
Regulatory changes in Brazil • 25%
Increase in competition among exchanges • 25%
More than 30% • 25%
10% to 20% • 25%
20% to 30% • 25%
Less than 10% • 25%
Launches a crypto education initiative • 25%
Partners with a local bank • 25%
Launches a new exchange in another Latin American country • 25%
Other • 25%
No • 50%
Yes • 50%
Chile • 25%
Other • 25%
Colombia • 25%
Argentina • 25%
Obtains a new license in Europe • 25%
Other • 25%
Obtains another broker license in Latin America • 25%
Obtains a new license in Asia • 25%
Comply with regulations • 25%
No official response • 25%
Withdraw services from Brazil • 25%
Lobby against regulations • 25%