Brazil Expansion Is “Central Focus” for Coinbase

14 December 2023

By Tim Alper | @tim-alper

The crypto exchange giant Coinbase says that Brazil has “become a central focus” in its “global growth strategy.”

The Brazilian media outlet Livecoins said Coinbase recognized “Brazil’s growing importance in the cryptocurrency market.”

And it said the exchange was gaining confidence “in the country’s economic and technological potential.”

Coinbase stated that Brazil and other nations were “making progress in crypto regulation.”

The exchange operator has set itself the ambitious goal of building a global user base of 1 billion people.

The firm reportedly noted that Brazil’s “evolving regulatory environment” and “one of the highest cryptocurrency adoption rates” in the world were also motivating factors.

The exchange said these and other reasons had made Brazil “a crucial market” for company expansion.

To read entire article…Click Here!