• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M
Binance to Open Two Offices in Brazil

Binance to Open Two Offices in Brazil

user avatar

by dapp_writer002

3 years ago


Binance to Open Two Offices in Brazil, Company Hints at Debit Card Launch

Binance, one of the biggest crypto exchanges by volume traded, has announced its expansion plans for Brazil. The exchange will open two new offices in the country to host 150 employees, who will be able to choose if they want to work in-office or remotely. The company also hinted at the launch of a debit card in the future.

Binance Expands Team Facilities in Brazil

Latam countries like Brazil are becoming more and more important for cryptocurrency exchanges all over the world, due to the boom that crypto is experiencing in the region. Leading cryptocurrency exchange Binance has recently announced it will open two new offices in the country. However, according to reports, employees will have the choice of working in these offices or completing their tasks remotely.

The two new offices, which will be located in Rio de Janeiro and Sao Paolo, will reportedly be shared co-working spaces, with the function of supporting the growing number of Binance employees in Brazil. While at the beginning of this year the company had only 60 employees there, this number has more than doubled, reaching a headcount of 150.

Compliance Moves and Debit Card Launch

While Binance has been affected by compliance issues with local laws in several countries before, the exchange is currently making efforts to achieve compliance in Brazil. In this sense, the company announced the purchase of Sim;paul Investimentos in March to become a regulated payment institution in Brazil, an operation that is still under analysis by the central bank.

We are being proactive to ensure that even before the new regulations go into effect, we meet the prerequisites to operate as a crypto exchange.Matthew Shroder, global vice president and regional director at Binance

The Brazilian cryptocurrency bill, which was introduced last year, is still waiting to be discussed by Congress due to the impending general elections that will happen in October.

Shroder also hinted at the launch of a Mastercard product that would allow Brazilians to pay with cryptocurrencies using a debit card, similar to the card launched in Argentina a month ago. On this, he explained:

The first results we are seeing in Argentina are that the product is being very successful. We are evaluating what the next markets will be… But given the size of the Brazilian market and its importance to Binance, Brazil is undoubtedly at the top of the list of upcoming markets for this product.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other articles

Datagram Network is an innovative platform for private and reliable information transfer

chest

Modern technologies require reliable data protection. Datagram Network offers decentralized information exchange without trusting servers, using cryptography and p2p networks for direct communication.

user avatarMax Nevskyi

Hut 8 Mining is an innovative cryptocurrency mining company

chest

Hut 8 Mining is a leading Canadian Bitcoin mining operator founded in 2017. The company stands out for its innovative approach, using sustainable energy solutions in its North American data centers.

user avatarMax Nevskyi

REVENGE — A PvE Shooter with Web3 and Twitch Elements: Unique Gameplay Mechanics, Blockchain, and NFT

chest

REVENGE is a cooperative PvE shooter with blockchain integration and Twitch support, where viewers can influence the game. The game uses NFTs, $EVER tokens, and cross-platform sessions for a unique gaming experience.

user avatarEve Adams

AllScale: Simplifying International Payments for Small and Medium Businesses with Stablecoins

chest

Learn how AllScale helps small and medium enterprises around the world use stablecoins for instant and secure payments, simplifying international transactions and regulatory compliance.

user avatarEve Adams

UFO Gaming: Play, Earn, and Own Virtual Worlds

chest

UFO Gaming is an innovative blockchain project that combines games and NFT technology. The platform allows players to earn through a Play-to-Earn system using the internal UFO token for transactions and management.

user avatarMax Nevskyi

0xAstra: Next-Generation Omnichain Strategy - NFTs, Tokens, and Space Battles

chest

Learn about 0xAstra — an omnichain strategy combining NFTs, cross-chain interactions, and AI. A detailed overview of gameplay, tokens, and opportunities for players.

user avatarEve Adams
dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.