Binance Acquires Local Company to Obtain Brazil’s Broker-Dealer License
Binance has strengthened its foothold in the region with the recent acquisition of a local firm. This acquisition received approval from regulators, allowing Binance to operate as a licensed broker-dealer locally. This milestone represents Binance’s 21st global regulatory endorsement, reflecting the growing acceptance of cryptocurrencies in Latin America’s largest economy. Broker-Dealer in Brazil: With this new licensing, Binance joins the ranks of Brazilian cryptocurrency exchanges that are authorized to act as broker-dealers.
