Loading...
Market
Will Binance launch a new financial product in Brazil by March 31, 2025?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
Official announcements from Binance or major financial news outlets
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.
View original story
Similar markets
Increase in competition among exchanges • 25%
No significant impact • 25%
Regulatory changes in Brazil • 25%
Significant increase in trading volume • 25%
Yes • 50%
No • 50%
10% to 20% • 25%
20% to 30% • 25%
Less than 10% • 25%
More than 30% • 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%
Obtains another broker license in Latin America • 25%
Other • 25%
Obtains a new license in Europe • 25%
Obtains a new license in Asia • 25%
Argentina • 25%
Colombia • 25%
Other • 25%
Chile • 25%
