US-based cryptocurrency exchange Coinbase is reportedly in talks to acquire 2TM Group, the Brazilian parent company of Latin America’s largest crypto exchange Mercado Bitcoin.
Local newspaper O Estado de S. Paulo March 27 in the news dated Coinbase with 2TM Groupsince last year had talks and purchase agreement can be completed by April. reported.
The newspaper is also in the news Binancein Brazilthat he is seeking to buy in , and that the country’s cryptocurrency market 120 billion reales ($ 25.3 billion) it was expected to arrive.
Mercado Bitcoin, 2021 year in 1.1 million new customers by winning 3.2 million customers and 7.1 billion dollars of trade volume reached.
Brazil’s crypto unicorn (company with $1 billion valuation) 2TM Grouplast year Japanese Sofbank Group in the Series B funding round led by 200 million dollars by investing 2.1 billion dollars had reached valuation.
Purchase process Brazilhas already acquired several companies in 2TM Group‘Fame Latin Americaaccelerating its growth in Chile, Colombia, Mexico and Argentina will allow it to expand into its markets.