Cryptocurrency trading company Bit2Me, from Spain, announced its arrival in Brazil this Thursday (28). Meanwhile, Dubai-based platform Bybit announced the expansion of its business in the country. The announcements come a day after the Federal Senate passed the law that regulates the cryptocurrency market in Brazil.
Bit2Me is the first company to be recognized by the Bank of Spain as a provider of virtual currency services. In the announcement, Bit2Me also informed that it has signed an agreement with the former country manager of Binance in Brazil, Ricardo Da Ros. He will be in charge of directing future operations in the country. In addition to working at Binance, Da Ros served as technology business manager at Ripio
“I am very happy to join the Bit2Me family, I believe it is an exchange with a great future and that has the founding principles of Bitcoin in its DNA. I believe that with Bit2Me we will be able to improve the knowledge of cryptocurrencies in Brazil”, said Da Ros.
As the exchange highlighted, Brazil is a market of great interest for the company, being considered a “key country for Bit2Me’s entry into Latin America”. After all, Brazil has 20 million cryptocurrency investors, according to internal data collected by Bit2Me. Furthermore, in 2021, Bitcoin trading volume in the country grew by more than 70% compared to the previous year, according to data from the Federal Revenue Service (RFB). According to the financial director (CFO) of Bit2Me, the numbers demonstrate the interest on the part of Brazilians in learning about this new technology. Also according to Bit2Me, its office in Brazil will be composed of more than 20 people. There will also be a compliance department, dedicated exclusively to the Brazilian market. The sector promises to apply “scrupulously the rules related to the prevention of money laundering and the financing of terrorism”.
Bybit arrived in Brazil at the end of last year. But now it is officially launching its office in Brazil. The company will have a dedicated team to offer cryptocurrency trade and services to Brazilians. With 6 million users and moving US$ 10 billion in crypto assets per day, Bybit wants to expand to Latin America. In a statement, the company said it wants to ensure that Brazilians have access to first-rate infrastructure.
“Brazilians highly value the experience with the services they use. So when it comes to investments, we know that we will only succeed by offering the world-class liquidity and reliability that users have come to expect from Bybit,” said a representative from Bybit Brasil.
Promotions for Brazilians
Bybit further said that it is committed to being an integral and responsible part of the cryptocurrency ecosystem. In addition, it wants to advance regulatory clarity and compliance. To welcome Brazilian users, Bybit launched two promotions. First of all, users can now buy cryptocurrencies on Bybit with the real through PIX with zero fee. Second, from May 1st to May 14th, 2022, Brazilians who open a Bybit account will receive a 50% deposit bonus on all deposits made during the campaign period. The maximum bonus will be R$ 300.
“Bybit is excited to bring our services to Brazil, offering our users the reliability and seamless experience we are known for,” said the Bybit Brazil representative.
Also read: Sports NFTs: is it hype or is it useful? Also read: Creation of “.eth” domains increases and token values 30% Also read: Edward Snowden reveals to be one of the creators of Zcash cryptocurrency