Coinbase to purchase the $2.2B Brazilian unicorns behind Mercado Bitcoin

March 29, 2022

Because of the market, Coinbase decides not to hire new employees.


A Brazilian newspaper, Estadão, reported that Coinbase could attain the acquisition of $2.2 billion 2TM, the firm behind Mercado Bitcoin, by the end of April. Coinbase is set to proceed with its global acquisition method, reportedly purchasing the Brazilian corporation 2TM, the parent firm of Mercado Bitcoin. As per the information from Estadão, the 3rd biggest newspaper in Brazil, the Coinbase acquisition could be detailed by next month. Negotiations for the purchase have been taking position throughout 2022.

Mercado Bitcoin in Latin America’s biggest crypto brokerage, whose parent firm, 2TM, solidified its unicorn significance as a billion-dollar corporation in 2021. Prized at $2.2B, 2TM has also maintained an acquisition policy, in lusophone nations. 2TM’s Mercado Bitcoin took up Portuguese CriptoLoja, a Lisbon-based crypto exchange in January. The 2TM holding firm umbrella now wraps MB Digital Assets, Meubank, Bitrust, CriptoLoja, Bitrust, Blockchain Academy, MezaPro, Portal do Bitcoin and Wuzu.

For Coinbase, the intended purchase of 2TM indicates that their multinational acquisition method is intensifying. Pursuing the accession of an Indian AI startup to boost customer assistance as angry feedback from consumers demonstrated too much, the San-Francisco-based exchange also lately bought blockchain-infrastructure forum Bison Trails.The announcement asserts that in Brazil immediate crypto trading is accumulating quickly. Locally based crypto exchange Mercado Bitcoin has seen agreement quantities boost seven-fold year-on-year to August.A keystone of the organization’s Latam growth plans, the world’s 2nd largest virtual currency exchange has also been on the search for business improvement managers and managers as part of a Brazilian hiring binge. Cointelegraph noted that 2021 was the year of mass adoption in Brazil, as UFC stars and diplomats got in on the effort.

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