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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Mercado Bitcoin pursues acquisitions with SoftBank funds
Mercado Bitcoin pursues acquisitions with SoftBank funds Brazilian cryptocurrency platform shelves IPO plans but tries to attract institutional investors
EquityFundsBrazilJapan Brazilian cryptocurrency platform Mercado Bitcoin could look for acquisition opportunities with the $200 million investment it received from Japan s SoftBank, Roberto Dagnoni, CEO of 2TM Group, Mercado Bitcoin s holding company, told LatinFinance on Thursday. We see M&A as an option to expand in Latin America, Dagnoni said. Cryptocurrencies are global by definition. So such expansion makes sense.
Mercado Bitcoin could use the money to acquire more complementary services as it has down
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