Express

Coinbase Is In Talks To Acquire 2TM

Amy Liu

Summary: Cryptocurrency exchange Coinbase Global (COIN) is in talks to acquire 2TM, owner of Mercado Bitcoin, Brazil’s largest crypto exchange, according to coindesk. Negotiations between Coinbase and 2TM have been taking place since last year and an agreement could be announced in late April. In 2021, Mercado Bitcoin reached 3.2 million customers, and its trading volume ...

Cryptocurrency exchange Coinbase Global (COIN) is in talks to acquire 2TM, owner of Mercado Bitcoin, Brazil’s largest crypto exchange, according to coindesk. Negotiations between Coinbase and 2TM have been taking place since last year and an agreement could be announced in late April.

In 2021, Mercado Bitcoin reached 3.2 million customers, and its trading volume reached $7.1 billion. In June, 2TM raised $200 million in a Series B funding round and $50 million in a second closing of the funding in November. In January, 2TM acquired a controlling stake in CriptoLoja, Portugal's first regulated crypto exchange.

By Amy Liu

Last Update:

Tags: ,,,
Link: Coinbase Is In Talks To Acquire 2TM   [Copy]
Next:

Related Articles

  • From Data Rights to Digital Property: Whistleblower Brittany Kaiser on Blockchain, RWA,... 5 days ago
  • The Base Chain's Ascent: How Deep Coinbase Integration and JPMorgan's Pilot Are Reshapi... 11 days ago
  • Tether in Trouble? U.S. Senate Just Passed a Law That Could Dethrone the $155B Stableco... 14 days ago
  • Justin Sun's Nasdaq Gamble: How Six Years Forged Ties with the Trump Family 15 days ago
  • The Crypto IPO Wave: From Fringe to Front Page 18 days ago

    • You need to login to comment.