Binance opens two new offices in Brazil as team doubles since March – Binance revealed it has more than 150 employees to cover its operations in Brazil and appears to be in good standing with the local government and regulatory agencies.
Changpeng “CZ” Zhao-led crypto exchange Binance has opened up two offices in Brazil as the firm looks to tap the country’s emerging crypto market, with reportedly more than 34.5 million crypto users there.
According to an Oct. 3 announcement, Binance has now opened offices in São Paulo and Rio de Janeiro, with more than 150 employees to be spread across the firm’s operations in Brazil.
“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,” the announcement reads.
#Binance opens two offices in Brazil in a move to expand in the country and to grow crypto adoption in Latin America.
The offices were announced by @cz_binance, who visited the country in March this year. Since then, we have more than doubled the team dedicated to Brazil.
— Binance (@binance) October 3, 2022
On Sept. 29, Binance also announced that it had registered with New Zealand’s Ministry of Business, Innovation and Employment and opened local offices in the country.
“New Zealand is an exciting market with a strong history of fintech innovation,” CZ said.
Last 48 hrs or so:
— CZ 🔶 Binance (@cz_binance) October 3, 2022