Brazil-based 2TM Group, owner of Latin America’s largest cryptocurrency exchange Mercado Bitcoin, announced that it has acquired a majority stake in Lisbon-based first licensed cryptocurrency exchange, CriptoLoja, and aims to expand in Europe.
by company Wednesday, January 12 in the press release published on 2TM Group purchased by CryptoLojaof, June 2021 country’s central bank Banco de Portugalfrom “virtual asset service providerIt was stated that it received its official license and became the first company in the country to obtain this license.
CEO of 2TM Group Roberto Dagnon;
Crypto is a global business. Our A&B funding rounds gave us the momentum we needed to expand internationally. This investment will provide us with the technology needed to compete globally, in addition to enhanced financial opportunity. Portugal is starting to become a major hub for crypto in Europe, opening a door for us to reach other markets in Europe. That’s why it’s a strategic area for us because it requires a special license to provide services.
made statements.
The company will start to grow in the European market with an over-the-counter (non-exchange) operation. To deliver the Mercado Bitcoin platform to individual and corporate customers in Europe aims.
Founders of CriptoLoja Luis Gomes and Pedro Borges, As we lead 2TM’s expansion across the continent at the same time co-chairs of the company will continue to be.
The Brazilian company last summer Mercado Bitcoin cryptocurrency exchange in the funding round for 163 billion dollars have value Japanese Softbankfrom 200 million dollars had invested.
Completion of the purchase for The approval of the Central Bank of Portugal is awaited. reported.