Binance has received its 21st global regulatory approval from the central bank of Brazil, making it the first crypto exchange in the country to acquire a broker-dealer license. This achievement is a significant step for crypto adoption in Latin America. The approval allows Binance to purchase the São Paulo-based investment platform Sim;paul, which is authorized to distribute securities and issue electronic money. As of the announcement, Binance reported a remarkable 24-hour trading volume of over $18.2 billion, significantly surpassing the next largest exchange, Bybit, which had a volume of $6.3 billion. This development underscores Binance's growing influence and regulatory compliance in the global crypto market, particularly in a rapidly evolving region like Latin America.

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