2 years ago
Cryptocurrency speech Coinbase Global (COIN) is successful talks to get 2TM, proprietor of Mercado Bitcoin, Brazil’s largest crypto exchange, the Estadão paper reported Sunday.
According to the report, which did not mention sources, negotiations betwixt Coinbase and 2TM person been taking spot since past twelvemonth and an statement could beryllium announced successful precocious April.
Mercado Bitcoin reached 3.2 cardinal customers successful 2021, of which 1.1 cardinal were added past year, the institution told CoinDesk recently, adding that its trading measurement reached $7.1 cardinal successful 2021.
In June, 2TM raised $200 million successful a Series B backing circular and $50 cardinal successful a 2nd closing of the backing successful November, which valued the institution astatine $2.1 billion.
2TM plans to turn successful Latin America done acquisitions successful Argentina, Chile, Colombia and Mexico, 2TM CEO Roberto Dagnoni told CoinDesk. In January, the institution acquired a controlling involvement successful CriptoLoja, Portugal's archetypal regulated crypto exchange.
In summation to being the proprietor of Mercado Bitcoin, 2TM besides owns the companies Meubank, MB Digital Assets, Bitrust, Blockchain Academy and MezaPro.
According to Estadão, Coinbase besides identified Mexican crypto speech Bitso arsenic an acquisition target, but seemingly nary woody was reached, the paper said.
Both Coinbase and Mercado Bitcoin did not instantly respond to CoinDesk's queries.
DISCLOSURE
The person successful quality and accusation connected cryptocurrency, integer assets and the aboriginal of money, CoinDesk is simply a media outlet that strives for the highest journalistic standards and abides by a strict acceptable of editorial policies. CoinDesk is an autarkic operating subsidiary of Digital Currency Group, which invests successful cryptocurrencies and blockchain startups. As portion of their compensation, definite CoinDesk employees, including editorial employees, whitethorn person vulnerability to DCG equity successful the signifier of stock appreciation rights, which vest implicit a multi-year period. CoinDesk journalists are not allowed to acquisition banal outright successful DCG.
Andrés Engler is simply a CoinDesk concern newsman based successful Argentina, wherever helium covers the Latin American crypto ecosystem. He holds nary crypto.
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