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Will Binance integrate Sim;paul into its operations by end of 2025?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
Official announcements from Binance or regulatory filings in Brazil
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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Similar markets
Other • 25%
Obtains a new license in Europe • 25%
Obtains a new license in Asia • 25%
Obtains another broker license in Latin America • 25%
Yes • 50%
No • 50%
No significant impact • 25%
Increase in competition among exchanges • 25%
Regulatory changes in Brazil • 25%
Significant increase in trading volume • 25%
