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Japan s SoftBank Invests $200 Million In Largest Crypto Exchange Of Brazil

Mercado Bitcoin will use the funds to expand its operations, expand supply and invest in infrastructure to meet the growing demand for cryptocurrencies in the region. TOKYO – Japan’s SoftBank Group Corp has invested $200 million in Mercado Bitcoin, one of the largest cryptocurrency exchanges in Latin America, said Roberto Dagnoni, executive chairman and chief executive officer of 2TM Group, the trading platform’s parent company. The investment, raised in a Series B funding round, was made through SoftBank Latin America Fund and represents the Japanese multinational company’s largest investment in a Latin American crypto company. As a result of the investment, 2TM said its valuation reached $2.1 billion.

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