Coinbase, one of the first cryptocurrency exchanges traded on U.S. traditional stock markets, is aiming to expand its operations in Latam.
Coinbase Set to Close Deal to Acquire 2TM, Parent Company of Latam's Biggest Exchange, Mercado Bitcoin
Coinbase, a leading U.S.-based cryptocurrency exchange, is reportedly close to acquiring 2TM, the unicorn company that owns Mercado Bitcoin, the biggest crypto exchange in Latin America . The exchange has reportedly been in talks to acquire the company since last year, and the deal could be closed in April according to local media, seeing Coinbase expand its operations to Brazil.
coming from Estadao, a Brazilian publication, the company is in talks to acquire 2TM, the parent company of Mercado Bitcoin, a reference for cryptocurrency exchanges in Latam.The two companies are said to have been in talks since last year, and the deal might be closing next month, though there have not been leaks about the amount Coinbase has decided to pay for the Brazilian unicorn.
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