According to information from Estadão, the Coinbase acquisition could be complete by April 2022. Negotiations for the purchase have been taking place over the course of 2022.
Mercado Bitcoin is a Latin America-based crypto brokerage, whose parent company, 2TM, cemented its unicorn status as a billion-dollar company in 2021. Valued at USD 2.2 billion, 2TM has also pursued an acquisition strategy, particularly in lusophone countries. 2TM’s Mercado Bitcoin snapped up Portugal-based CriptoLoja, a Lisbon-based crypto exchange, in January 2022.
The 2TM holding company umbrella now covers Meubank, MB Digital Assets, CriptoLoja, Bitrust, Blockchain Academy, MezaPro, Wuzu, and Portal do Bitcoin.
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