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Coinbase Is In Talks To Acquire 2TM
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
Tags: 2TM,Coinbase,Crypto,Mercado Bitcoin
Link: Coinbase Is In Talks To Acquire 2TM [Copy]
