Binance has reached an agreement with the Brazilian Securities Commission (CVM) over a derivatives offering.

- Binance will pay R$9.6 million (around $1.7 million) as part of the settlement.

- In 2020, the CVM warned Binance about an illegal derivatives offering.

- Binance said it has taken all necessary measures to comply.

🇧🇷 Brazil leads Latin America in crypto trading volume, reaching $6 billion in 2024.