(Bloomberg)
2TM Participacoes SA, owner of the biggest Brazil-based cryptocurrency brokerage, raised $50 million as it hunts for acquisitions to expand into additional Latin American markets.
The company, backed by SoftBank Group Corp., received investments from 10T Holdings, a U.S.
Brazilâs top exchange announces international expansion after raising $38M Leading Brazilian exchange Mercado Bitcoin has announced a regional expansion, naming Chile, Mexico, and Argentina as likely destinations. 14882 Total views
Brazilâs largest Bitcoin exchange, Mercado Bitcoin, has announced plans to expand across Latin America.
Chief executive Reinaldo Rabelo named Chile, Mexico, and Argentina as among the jurisdictions it will expand into first, comparing the âregulatory cultureâ in those countries to Brazilâs.
According to Useful Tulips, Mexico is currently the fourth-largest Latin American country by peer-to-peer Bitcoin trade volume, with Chile ranking fifth, and Argentina ranking seventh.
The strong P2P trade volume suggest there may be significant demand from local traders that is not met by centralized platforms.
Brazil’s Biggest Bitcoin Exchange Expanding to Other Countries
Mercadobitcoin is the most popular exchange in Brazil. Now it wants to be popular across Latin America.
It wants to be a top-5 cryptocurrency exchange globally.
It s looking to expand to Chile, Mexico, and Argentina, among other countries.
Brazil s most popular crypto exchange is about to expand throughout Latin America.
Founded in 2013, Mercadobitcoin is one of the oldest and best-known cryptocurrency exchanges in Brazil. It boasts more than 2 million customers and has moved over $3.7 billion in volume since its creation.
These numbers make Mercadobitcoin the largest exchange in Latin America, despite the fact that it operates almost exclusively in Brazil.
Mercado Bitcoin receives contribution led by GP Investimentos and Parallax Ventures who will invest BRL 200 million in 2021
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GP Inova Fund, of GP Investimentos, Parallax Ventures and Sublimis Funds, of Parallax Ventures, Evora Fund, of Ze Bonchristiano; HS Investimentos FIP; Banco Plural and Gear Ventures are participating in the investment to accelerate the internationalization project and expand the leadership as the largest blockchain digital assets platform in Latin America
SÃO PAULO, Jan. 21, 2021 /PRNNewswire/ Founded by brothers Gustavo and Mauricio Chamati in 2013, Mercado Bitcoin has become the largest crypto-currency exchange in Latin America. With the investment received in early 2021, the startup plans to invest BRL 200 million in order to accelerate its growth and consolidate its leadership as the largest digital asset platform in the region. The deal, led by fund management company GP Investimentos and Parallax
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