Binance, the highest-volume exchange in the cryptocurrency market, has announced its targeted expansion plan in Brazil.
Brazil is among the countries where cryptocurrencies attract the most attention. Brazil, which also attracts the attention of other crypto money provider companies, is in high demand in the construction of office environments. The company underlined that it will open two offices in Brazil in line with its statement.
Binance To Open Two Offices In Brazil
In the past, there were legal compliance processes in the country. As a result of the increasing use of crypto money and intense interest around the world, countries have started to provide flexibility. Wanting to take advantage of this opportunity, Binance bought Sim;paul Investimentos in Brazil and announced that it will use it as a payment tool.
The company is busy with the two offices planned to be established in Brazil. The two offices, which are planned to be located in Rio de Janeiro and Sao Paolo, are planned to be built as a joint campus to support the employees in the country. Binance, which has 60 employees in Brazil, will increase the number of employees to 150 with the expansions it will make.
Stating that all employees can choose the way they work, the company said in a statement that a debit card will also be put into service in the future.
Matthew Shroder, Binance Global Vice President and Regional Manager, said:
“We are proactive to operate as a crypto exchange and ensure we meet the prerequisites even before new regulations come into effect”
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