Binance Opens Office in Mexico to Cover Latin America

The world’s largest centralized crypto exchange by market cap Binance continues its expansion into Latin America with the opening of a new Medá division in Mexico.

Medá is registered as an electronic payment institution and will operate as an independent unit dedicated to promoting fintech services Binance throughout Latin America.

With plans to invest more than one billion Mexican pesos ($53 million) over the next four years, Binance aims to expand access to innovative and convenient digital services in this area, which will have a positive impact on the Mexican population, the company said. Binance.

According to the crypto exchange, the Mexican financial authorities will regulate the work of its new division. This should simplify the deposit and withdrawal of funds in Mexican pesos.

It will be managed and maintained by an independent team, which will ensure operational autonomy. This independence will be a new benchmark for Mexico by implementing best practices that promote the healthy and sustainable development of the traditional financial sector and the virtual asset ecosystem, the company said.

Now a crypto exchange Binance holds licenses, registrations and other permits in 23 jurisdictions worldwide.

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