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Will Binance's Latin American user base grow by 20% by end of 2025?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
Official user statistics released by Binance
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
Yes • 50%
No • 50%
Other • 25%
Launches a crypto education initiative • 25%
Partners with a local bank • 25%
Launches a new exchange in another Latin American country • 25%
Europe • 25%
Asia • 25%
North America • 25%
Other • 25%
Regulatory approval • 25%
Marketing strategy • 25%
Increased crypto adoption • 25%
Innovative products • 25%
No significant impact • 25%
Regulatory changes in Brazil • 25%
Increase in competition among exchanges • 25%
Significant increase in trading volume • 25%
Top 2 • 25%
Below Top 3 • 25%
Top 1 • 25%
Top 3 • 25%
20% to 30% • 25%
More than 40% • 25%
30% to 40% • 25%
Less than 20% • 25%