Binance's new fiat gateway in Brazil is set to boost the adoption of cryptocurrencies in the country. The exchange has partnered with local banking institution, Banco BTG Pactual, to enable users to buy and sell cryptocurrencies using real-time Brazilian Real (BRL) deposits and withdrawals. This move is expected to increase the accessibility and mainstream acceptance of crypto assets in Brazil, one of the largest economies in Latin America.

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This is a significant step forward for crypto adoption in Brazil, reducing barriers to entry for new investors and increasing accessibility to a wider audience.