Monday, 01/09/2025 | 15:42 GMT by
Jared Kirui
- The new platform reportedly operates independently from Binance’s global exchange.
- The Mexico launch follows Binance’s January approval in Brazil to acquire locally licensed broker-dealer Sim;paul.
- Early this year, Binance expanded in Brazil after securing regulatory approval to acquire Sim;paul.

Binance is expanding its presence in Latin America
with the launch of a new Mexican entity that will handle peso deposits and
withdrawals.
The crypto exchange has committed more than one
billion pesos ($53 million) over the next four years to develop the project,
underscoring Mexico’s role as a key market in the region.
We’re excited to introduce IFPE Medá, Binance’s new channel dedicated to Mexico! 🇲🇽
With a planned investment of over 1 billion Mexican pesos (US $53 million), this entity represents a major regulatory milestone for Binance and aims to position Mexico as a leading tech… pic.twitter.com/vgb7Gw3dvt
— Binance (@binance) September 1, 2025
Medá’s Role in Mexico
Medá is registered as an Electronic Payment Funds
Institution (IFPE) and will run independently from Binance’s main operations. Mexican regulators have authorized the platform to process local
currency transactions, enabling users to deposit, withdraw, and send pesos
directly within the Binance ecosystem.
Mexico’s population of more than 125 million makes it
one of the most significant markets for digital finance in Latin America.
Binance has positioned the country as central to its expansion strategy, citing
both demand for modern financial services and the opportunity to improve
financial inclusion.
The launch adds to Binance’s growing list of licenses
and registrations in 22 jurisdictions, including France, Italy, Spain, Brazil,
and Japan.
Independent Operations and Oversight
By operating as a separate entity, Medá aims to
balance innovation with regulatory expectations. Mexican financial authorities
will oversee its activities, while the structure is designed to ensure
separation from Binance’s global crypto exchange.
Read more: UK Directors Told to Verify Identity – Scammers Got There First
The model also seeks to strengthen ties between
traditional banking systems and emerging digital asset services. Binance expanded its footprint in Latin America this
January after receiving regulatory approval in Brazil to acquire Sim;paul, a
locally licensed broker-dealer.
#Binance reaches 21st global regulatory milestone after the Central Bank of Brazil approved the acquisition of a licensed broker-dealer institution in the most populous Latin American country.
This achievement underscores our dedication to compliance and regulatory excellence… pic.twitter.com/qx0GPyBjrD
— Binance (@binance) January 2, 2025
With the deal completed, Binance now operates as a
licensed broker-dealer in Brazil, a country that Chainalysis ranks among the
top ten worldwide for cryptocurrency adoption.
The approval positions Binance to offer a wider range
of services to Brazilian users while strengthening its compliance profile in a
key market. The Central Bank of Brazil cleared Binance’s purchase
of Sim;paul, whose licenses include distributing securities and issuing
electronic money.
Binance is expanding its presence in Latin America
with the launch of a new Mexican entity that will handle peso deposits and
withdrawals.
The crypto exchange has committed more than one
billion pesos ($53 million) over the next four years to develop the project,
underscoring Mexico’s role as a key market in the region.
We’re excited to introduce IFPE Medá, Binance’s new channel dedicated to Mexico! 🇲🇽
With a planned investment of over 1 billion Mexican pesos (US $53 million), this entity represents a major regulatory milestone for Binance and aims to position Mexico as a leading tech… pic.twitter.com/vgb7Gw3dvt
— Binance (@binance) September 1, 2025
Medá’s Role in Mexico
Medá is registered as an Electronic Payment Funds
Institution (IFPE) and will run independently from Binance’s main operations. Mexican regulators have authorized the platform to process local
currency transactions, enabling users to deposit, withdraw, and send pesos
directly within the Binance ecosystem.
Mexico’s population of more than 125 million makes it
one of the most significant markets for digital finance in Latin America.
Binance has positioned the country as central to its expansion strategy, citing
both demand for modern financial services and the opportunity to improve
financial inclusion.
The launch adds to Binance’s growing list of licenses
and registrations in 22 jurisdictions, including France, Italy, Spain, Brazil,
and Japan.
Independent Operations and Oversight
By operating as a separate entity, Medá aims to
balance innovation with regulatory expectations. Mexican financial authorities
will oversee its activities, while the structure is designed to ensure
separation from Binance’s global crypto exchange.
Read more: UK Directors Told to Verify Identity – Scammers Got There First
The model also seeks to strengthen ties between
traditional banking systems and emerging digital asset services. Binance expanded its footprint in Latin America this
January after receiving regulatory approval in Brazil to acquire Sim;paul, a
locally licensed broker-dealer.
#Binance reaches 21st global regulatory milestone after the Central Bank of Brazil approved the acquisition of a licensed broker-dealer institution in the most populous Latin American country.
This achievement underscores our dedication to compliance and regulatory excellence… pic.twitter.com/qx0GPyBjrD
— Binance (@binance) January 2, 2025
With the deal completed, Binance now operates as a
licensed broker-dealer in Brazil, a country that Chainalysis ranks among the
top ten worldwide for cryptocurrency adoption.
The approval positions Binance to offer a wider range
of services to Brazilian users while strengthening its compliance profile in a
key market. The Central Bank of Brazil cleared Binance’s purchase
of Sim;paul, whose licenses include distributing securities and issuing
electronic money.
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Monday, 01/09/2025 | 15:42 GMT by
Jared Kirui
- The new platform reportedly operates independently from Binance’s global exchange.
- The Mexico launch follows Binance’s January approval in Brazil to acquire locally licensed broker-dealer Sim;paul.
- Early this year, Binance expanded in Brazil after securing regulatory approval to acquire Sim;paul.

Binance is expanding its presence in Latin America
with the launch of a new Mexican entity that will handle peso deposits and
withdrawals.
The crypto exchange has committed more than one
billion pesos ($53 million) over the next four years to develop the project,
underscoring Mexico’s role as a key market in the region.
We’re excited to introduce IFPE Medá, Binance’s new channel dedicated to Mexico! 🇲🇽
With a planned investment of over 1 billion Mexican pesos (US $53 million), this entity represents a major regulatory milestone for Binance and aims to position Mexico as a leading tech… pic.twitter.com/vgb7Gw3dvt
— Binance (@binance) September 1, 2025
Medá’s Role in Mexico
Medá is registered as an Electronic Payment Funds
Institution (IFPE) and will run independently from Binance’s main operations. Mexican regulators have authorized the platform to process local
currency transactions, enabling users to deposit, withdraw, and send pesos
directly within the Binance ecosystem.
Mexico’s population of more than 125 million makes it
one of the most significant markets for digital finance in Latin America.
Binance has positioned the country as central to its expansion strategy, citing
both demand for modern financial services and the opportunity to improve
financial inclusion.
The launch adds to Binance’s growing list of licenses
and registrations in 22 jurisdictions, including France, Italy, Spain, Brazil,
and Japan.
Independent Operations and Oversight
By operating as a separate entity, Medá aims to
balance innovation with regulatory expectations. Mexican financial authorities
will oversee its activities, while the structure is designed to ensure
separation from Binance’s global crypto exchange.
Read more: UK Directors Told to Verify Identity – Scammers Got There First
The model also seeks to strengthen ties between
traditional banking systems and emerging digital asset services. Binance expanded its footprint in Latin America this
January after receiving regulatory approval in Brazil to acquire Sim;paul, a
locally licensed broker-dealer.
#Binance reaches 21st global regulatory milestone after the Central Bank of Brazil approved the acquisition of a licensed broker-dealer institution in the most populous Latin American country.
This achievement underscores our dedication to compliance and regulatory excellence… pic.twitter.com/qx0GPyBjrD
— Binance (@binance) January 2, 2025
With the deal completed, Binance now operates as a
licensed broker-dealer in Brazil, a country that Chainalysis ranks among the
top ten worldwide for cryptocurrency adoption.
The approval positions Binance to offer a wider range
of services to Brazilian users while strengthening its compliance profile in a
key market. The Central Bank of Brazil cleared Binance’s purchase
of Sim;paul, whose licenses include distributing securities and issuing
electronic money.
Binance is expanding its presence in Latin America
with the launch of a new Mexican entity that will handle peso deposits and
withdrawals.
The crypto exchange has committed more than one
billion pesos ($53 million) over the next four years to develop the project,
underscoring Mexico’s role as a key market in the region.
We’re excited to introduce IFPE Medá, Binance’s new channel dedicated to Mexico! 🇲🇽
With a planned investment of over 1 billion Mexican pesos (US $53 million), this entity represents a major regulatory milestone for Binance and aims to position Mexico as a leading tech… pic.twitter.com/vgb7Gw3dvt
— Binance (@binance) September 1, 2025
Medá’s Role in Mexico
Medá is registered as an Electronic Payment Funds
Institution (IFPE) and will run independently from Binance’s main operations. Mexican regulators have authorized the platform to process local
currency transactions, enabling users to deposit, withdraw, and send pesos
directly within the Binance ecosystem.
Mexico’s population of more than 125 million makes it
one of the most significant markets for digital finance in Latin America.
Binance has positioned the country as central to its expansion strategy, citing
both demand for modern financial services and the opportunity to improve
financial inclusion.
The launch adds to Binance’s growing list of licenses
and registrations in 22 jurisdictions, including France, Italy, Spain, Brazil,
and Japan.
Independent Operations and Oversight
By operating as a separate entity, Medá aims to
balance innovation with regulatory expectations. Mexican financial authorities
will oversee its activities, while the structure is designed to ensure
separation from Binance’s global crypto exchange.
Read more: UK Directors Told to Verify Identity – Scammers Got There First
The model also seeks to strengthen ties between
traditional banking systems and emerging digital asset services. Binance expanded its footprint in Latin America this
January after receiving regulatory approval in Brazil to acquire Sim;paul, a
locally licensed broker-dealer.
#Binance reaches 21st global regulatory milestone after the Central Bank of Brazil approved the acquisition of a licensed broker-dealer institution in the most populous Latin American country.
This achievement underscores our dedication to compliance and regulatory excellence… pic.twitter.com/qx0GPyBjrD
— Binance (@binance) January 2, 2025
With the deal completed, Binance now operates as a
licensed broker-dealer in Brazil, a country that Chainalysis ranks among the
top ten worldwide for cryptocurrency adoption.
The approval positions Binance to offer a wider range
of services to Brazilian users while strengthening its compliance profile in a
key market. The Central Bank of Brazil cleared Binance’s purchase
of Sim;paul, whose licenses include distributing securities and issuing
electronic money.
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