.coinbase is near a deal to buy 2TM, the parent company of Brazil’s largest crypto exchange MercadoBitcoin, local newspaper Estadão reported on Sunday. andresengler reports
Roberto Dagnoni, 2TM CEO; Reinaldo Rabelo, Mercado Bitcoin CEO; Mauricio Chamati and Gustavo Chamati, 2TM co-founders
Cryptocurrency exchange Coinbase Global is in talks to acquire 2TM, owner of Mercado Bitcoin, Brazil’s largest crypto exchange, the Estadão newspaperAccording to the report, which did not cite sources, negotiations between Coinbase and 2TM have been taking place since last year and an agreement could be announced in late April.
Mercado Bitcoin reached 3.2 million customers in 2021, of which 1.1 million were added last year, the company told CoinDesk recently, adding that its trading volume reached $7.1 billion in 2021.in a Series B funding round and $50 million in a second closing of the funding in November, which valued the company at $2.1 billion.
Amid a Brazilian crypto adoption boom that tripled stablecoin trading in 2021 over the previous year, global exchanges such as
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