Coinbase to reportedly buy the $2.2B Brazilian unicorn behind Mercado Bitcoin

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Coinbase to reportedly buy the $2.2B Brazilian unicorn behind Mercado Bitcoin
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Crypto exchange Coinbase consolidates its interest in Brazil and is about to land in the country by potentially buying MercadoBitcoin's parent company 2TM. More than 10 million Brazilians presumably own digital assets as of today.

Coinbase is set to continue its global acquisition strategy, reportedly buying the Brazilian company 2TM, the parent company of Mercado Bitcoin.

to information from Estadão, the third-largest newspaper in Brazil and read by 212 million o populace, the Coinbase acquisition could be complete by next month. Negotiations for the purchase have been taking place over the course of 2022. Mercado Bitcoin is Latin America’s largest crypto brokerage, whose parent company, 2TM, cemented its unicorn

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