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Binance CEO Says Firm Is Looking Into Buying Banks and Payment Processors in Brazil

Amy Liu

Summary: Binance, the world's largest cryptocurrency exchange by trading volume, is looking into acquiring banks and payment processors in Brazil, Binance CEO Changpeng Zhao said Wednesday. He also said the company is looking to strengthen its 100-person team in Brazil. According to Zhao, the exchange plans to work closely with regulators and government agencies to find ...

Binance, the world's largest cryptocurrency exchange by trading volume, is looking into acquiring banks and payment processors in Brazil, Binance CEO Changpeng Zhao said Wednesday. He also said the company is looking to strengthen its 100-person team in Brazil. According to Zhao, the exchange plans to work closely with regulators and government agencies to find ways of fostering the development of the crypto industry “in a healthy and collaborative way.”

By Amy Liu

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