Cryptocurrency adoption: Crypto.com continues its expansion in Brazil

The exchange has appeared numerous times on the front of the stage this year, particularly following cash flow problems and the major changes that have taken place in the yields of its bank cards. Today, the FTX case is in the limelight, and Crypto.com continues to develop at its own pace, stone by stone.

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The Brazilian market is important for Crypto.com

After obtaining the approval of the financial markets in Franceto UKto Dubaiin South Korea and to Singaporetoday the exchange settles down sustainably at Brazil.

With the obtaining of a payment institution license from the Central Bank of Brazil, Crypto.com can therefore continue to offer its services to all Brazilians. Indeed, the platform is already well established on the spot. In addition, its Visa card has been available since November 2021 for residents of Brazil. Today, everything is officially validated by the government.

Crypto.com

For Chris Marszalek, CEO of Crypto.com, this is a very important step. Brazil is ranked in 7th position among carrier countries for cryptocurrencies this year. Latin America (or LATAM) is a very important market for the various actors who evolve in the ecosystem.

Brazil and the entire LATAM market is an important region in pursuing our vision of cryptocurrency in every wallet. We are extremely proud to have obtained the license in Brazil, which allows us to become a safe, secure and compliant platform. We look forward to continuing to work with regulators and authorities across the region to advance cryptocurrency and blockchain technology. »

Kris Marszalek, CEO of Crypto.com

After having suffered a few plaster casts, the situation seems to be getting better for the platform which continues to develop. The FTX experience will have taught us all the same that we must remain vigilant, and that a giant can fall very easily.

To keep your cryptos, nothing beats a Ledger wallet. The Nano S and Nano X provide security and ease of use. Indeed, they are compatible with the vast majority of cryptos and networks. They are an absolutely essential alternative to all exchanges that offer to hold your assets for you. Remember, “Not your keys, not your coins” (commercial link)!

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