Binance opens two new offices in Brazil as team doubles since March

Binance revealed that it has over 150 employees to cover its operations in Brazil and appears to be in good standing with local government and agencies of regulation.

The cryptocurrency exchange run by Changpeng "CZ" Zhao, Binance, has opened two offices in Brazil as the company seeks to tap into the country's emerging crypto market, which is believed to have more than 34.5 million crypto users there.

According to an October 3 announcement, Binance has now opened offices in São Paulo and Rio de Janeiro, with over 150 employees who will be spread across the company'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 mainstream, allowing more people to take advantage of the benefits offered by cryptocurrencies and blockchain,” the ad reads.

#Binance is opening two offices in Brazil with the aim of expanding in the country and increasing crypto adoption in Latin America.< /p>

The offices were announced by @cz_binance, who visited the country in March this year. Since then, we have more than doubled the dedicated team in Brazil.

Binance said it has been working on a Brazilian expansion since CZ first visited in March, with the firm having doubled the size of its country-focused team since then.

In September, Binance also held a series of crypto and blockchain workshops for law enforcement in Brazil and Argentina to help them identify and combat crypto crime, suggesting that it could have a decent relationship with regulators in Latin America.

The company has particularly focused on working with...