Binance, future leader of cryptos in Latin America

In Latin America, more and more executives from traditional finance are migrating to the cryptocurrency ecosystem. After former Brazilian Minister of Economy and former president of the country’s Central Bank Henrique Meirelles, it’s the turn of the former president of the Mexican Banking and Securities Commission (CNBV), Adalberto Palma Gómez to join Binance as a global advisor, to make the company the leader in cryptocurrencies in Latin America.

Binance continues its path to become the leader of cryptocurrencies in Latin America

After conquering the citizens of Latin America, Binance is going after the executives of the traditional financial system. The cryptocurrency exchange has recruited the former president of the Mexican Banking and Securities Commission (CNBV). Adalberto Palma Gómez will work as a global advisor to Binance. In particular, he will help the exchange consolidate its operations in Latin America.

Adalberto Palma Gómez, who until 2020 was President of the National Banking and Securities Commission of Mexico, has accepted our proposal to become one of our global advisors.

Declaration of Binance to the media El Economista

Adalberto Palma Gómez has nearly 3 decades of experience in the financial sector. Between 2018 and 2020, he was president of the Mexican Banking and Securities Commission (CNBV). He then joined a cabinet for economic growth created in 2020 by Mexican President Andrés Manuel López Obrador. Palma Gómez will bring to Binance “more than 30 years of experience in the financial sector in leadership roles at institutions such as Banamex, Citibank and Bankers Trust,” Binance said.

Binance’s expansion in the region is not new

Earlier this week, it was another traditional finance executive who joined the Binance task force that Adalberto Palma Gómez has joined. In a statement seen by the O GLOBO media, Binance confirmed “the participation of Henrique Meirelles in the company’s new global advisory board”.

As a reminder, Henrique Meirelles was president of the Brazilian central bank between 2003 and 2011 under President Lula da Silva. He also served as Brazil’s Minister of Economy between 2016 and 2018.

The inflation that is hitting several countries are forcing people to turn to cryptocurrency. This wave is even stronger in Latin America and goes beyond mere citizens. As in Argentina, it is now public services that are using cryptocurrency to fulfill their regal missions. After citizens and public services, are we going to witness the exodus of traditional finance executives to cryptocurrency? The future will tell.