Press Release

Binance opens offices in Brazil in a move to expand in the country

Bnamericas Published: Monday, October 03, 2022

This is a machine translation of Binance's press release

São Paulo, October 3, 2022 - Binance, the global blockchain ecosystem and the world's largest cryptocurrency exchange by business volume, opens two offices in Brazil this Monday (10/3) in continuity with its expansion drive in the world. country, which is among the company's top 10 in the world and the largest in Latin America. The units in São Paulo and Rio de Janeiro are yet another demonstration of the platform's commitment to operations 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. Since then, the exchange has more than doubled the team dedicated to Brazil, which now exceeds 150 people, mostly 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 BC.

The announcement is yet another move by Binance in support of the development of the crypto and blockchain industry in the country and takes place amid discussions, in the Chamber of Deputies, of the legal framework for 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.

Binance is the world's leading exchange in the process of obtaining crypto-specific licenses, with authorizations in France, Spain, Italy, Dubai, Bahrain, Abu Dhabi and New Zealand, for example, more than any other exchange. In addition, it maintains constant dialogue with authorities from several other countries in the same direction, which demonstrates the company's total commitment to the development of regulation in the sector.

About Binance

Binance is the world's leading provider of blockchain and cryptocurrency infrastructure with a suite of financial products that includes the largest digital asset exchange by volume. Trusted by millions of people around the world, the Binance platform is dedicated to increasing the freedom of money for users and features an unrivaled portfolio of cryptocurrency products and offerings, including commerce and finance, education, data and research, as well as social, investment and incubation, decentralization and infrastructure solutions and much more. For more information, visit .

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