• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

TronWeekly

Crypto World News

  • Home
  • Education
    • Best TRON Wallets
    • Beginner’s guide to TRON
  • Opinion
    • Tron Tokens
    • Market Analysis
  • Industry
    • Tron Exchange
    • Project Review
  • Press Release
  • Advertise
  • About us
    • The Team
    • Editorial Policy
    • Write for us
    • Privacy Policy
    • Disclaimer
    • Terms and Conditions
    • Contact
You are here: Home / News / Altcoin News / BNB Rises As Binance Opens Two New Offices In Brazil
Binance

BNB Rises As Binance Opens Two New Offices In Brazil

October 4, 2022 by Saeed Ul Hassan

The leading cryptocurrency exchange, Binance token BNB, turned green as the company announced its Brazilian expansion with two offices located in São Paulo and Rio De Janeiro.

BNB, the fifth-largest cryptocurrency by market capitalization, displays some optimism this morning by going up 2.1% in the last 24 hours. Additionally, this positive trend, it has also been showing an upward trend in the past seven days alone, climbing over 5.5%.

In addition, statistics from CoinGecko show that the token is currently trading at $291.75. Its current market cap is $47.07 billion, increasing by 1.82% over the last 24 hours, and 24 hours trading volume is also up by over 3,72%, to $1.22 billion, according to the Nomics data.

Though crypto-assets ended the last week in the negative territory, many coins have started this week on a positive note – at least for now. Including Polygon in the lead with a 7.5% gain over the past 24 hours, XRP with a 5.5% increase, Solana with 3.9%, and Uniswap with 5.3%.

Binance Two New Offices

On October 3rd, Binance announced on Twitter :

“#Binance opens two offices in Brazil in a move to expand in the country and to grow crypto adoption in Latin America.”

After Changpeng Zhao (CZ), the CEO of Binance, visited Brazil in March for an exploratory tour to further extend his company into the region, it seems that the exchange has met its objective – by fulfilling CZ’s promise.

Binance claimed in the announcement post that the team working on their planned expansion into Brazil has more than quadrupled since CZ’s visited the country. 

However, more than 150 personnel-up from 60- will be supported by these new offices across the country; most of these new hires were set to take customer service and support positions. 

Furthermore, the exchange revealed that they are working to acquire a license from the Brazilian Central Bank in order to operate as a Payments Institution and are now waiting for approval from BC. It comes after they announced their acquisition of a brokerage company, “Sim;paul, which has this license.”

According to research by Triple A, cryptocurrency is becoming more and more commonplace in Brazil, to the point that big exchanges are now looking to Brazil as a crucial market for cryptocurrency services. 

Binance also claims that “Brazil is among the company’s top 10 markets in the world and is the largest in Latin America.”

Related Reading I Kim Kardashian Faces Charges From the SEC Over EthereumMax Promotions

Filed Under: Altcoin News Tagged With: Binance, BNB, CoinGecko, Triple A

Primary Sidebar

Recent Posts

  • Bitcoin Faces Price Risk as Miner Transfers Spike to 2.7 MPI: Report July 17, 2025
  • Ethereum Price Soars 50% as Wallets Hit 152 Million and $4K Targets Emerge July 17, 2025
  • Litecoin Explodes 45% from Support Zone as $500 Target Gains Momentum July 17, 2025
  • Ethereum Surpasses Johnson & Johnson in Global Asset Rankings as Price Rally Accelerates July 17, 2025
  • Can Ripple (XRP) Hit $50? Analysts Say It’s Possible July 17, 2025

Footer

News

  • Altcoin News
  • Bitcoin News
  • Blockchain
  • Tron News
  • World

Digest

  • Meet the Founder
  • Price Winning Article
  • DeFi
  • Cyber Security
  • Crypto Scam

Industry

  • Project Review
  • Technology
  • Fintech
  • Tron Exchange
  • New in Town

Tron Universe

  • Event and Tron Parties
  • New in Town
  • Tron Tokens

Follow Us

Subscribe US

Copyright © 2025 · Tron Weekly. All Rights Reserved. NOTE: Tron Weekly is an independent crypto news site that adheres to the strict journalism policy anchored on transparency, trust, and objectivity, we have no affiliation with the TRON Foundation, its founder Justin Sun or any other cryptocurrency firm.