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Binance announces opening of two offices in Brazil

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Presence in São Paulo and Rio had been announced during the company’s global CEO’s trip to the country in March (Image: Crypto Times)

THE Binance, crypto exchangeannounced this Monday (3) the opening of two offices in Brazil and claims to be the largest in Latin America. The units in São Paulo and Rio de Janeiro are yet another demonstration of the broker’s interest in the local market.

The two offices were announced by Binance’s global CEO Changpeng Zhao (CZ), visiting the country in March of this year.

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Since then, the brokerage says it has doubled the team dedicated to Brazil, which now exceeds 150 people, the majority for customer service and support.

Also in March, Binance also announced the process of acquiring the brokerage Sim;paul, a company authorized to operate by the Central Bank (BC) and the Securities and Exchange Commission (CVM). The acquisition is under analysis by the BC.

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In a statement, the exchange says the announcement is yet another move by Binance to support the development of the crypto industry and blockchain in the country and takes place in the midst of discussions, in the Chamber of Deputies, of the legal framework of cryptocurrencies.

“The exchange operates in full compliance with the Brazilian regulatory landscape and believes that regulation is the only way for the digital asset industry to grow and reach the general public, allowing more people to enjoy the benefits that cryptocurrencies and blockchain offer. ”


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Source: Moneytimes

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