Report post

How much did 2TM raise for Mercado Bitcoin?

Brazilian company 2TM has raised $200 million for its subsidiary, Mercado Bitcoin. The raise was led by tech investment giant SoftBank at a $2.1 billion valuation. Mercado Bitcoin's funding is the largest ever Series B round in Brazil.

What is Mercado Bitcoin?

Mercado Bitcoin's funding is the largest ever Series B round in Brazil. One of Latin America's largest cryptocurrency exchanges has raised $200 million in a round led by Japanese investing giant SoftBank. Brazil-based Mercado Bitcoin raised the funds at a $2.1 billion valuation in what was the country's largest Series B to date.

Why did SoftBank invest $200 million in Mercado Bitcoin?

Take a look at the pitch deck that convinced SoftBank to lead a $200 million round into Brazil's largest exchange. Mercado intends to use the funds to grow out its headcount and invest in its digital offerings. Brazilian company 2TM has raised $200 million for its subsidiary, Mercado Bitcoin.

Who will oversee the bitcoin market in Brazil?

“The bill tasks the executive branch with selecting government bodies to oversee the market. The expectation is that the Central Bank of Brazil (BCB) will be in charge when bitcoin is used as payment, while the country’s securities and exchange commission (CVM) will be the watchdog when it is used as an investment asset.

Related articles

Canadian Authorities Initiate New Project to Combat Crypto Fraud

Canadian Authorities Initiate New Project to Combat Crypto Fraud2024-09-06 09:48:40The Alberta Securities Commission (ASC) has collaborate […]

Canadian Crypto Exchanges Faces Deadline For CIRO Membership

Canadian Crypto Exchanges Faces Deadline For CIRO Membership2024-08-06 23:33:50Canadian crypto exchanges face a looming deadline to comply with new regulations, specifically CIRO membership. With the crypto deadline approaching, exchanges are scrambling to adapt and ensure regulatory compliance. The question arises: are Canadian exchanges urgently pursuing regulatory compliance? This article explores the challenges and opportunities facing Canadian crypto exchanges as they navigate the changing regulatory landscape.

Best Ethereum ETFs In Canada For 2024

Best Ethereum ETFs In Canada For 20242024-08-01 02:52:21Discover the top Ethereum ETFs in Canada for 2024, including a comprehensive guide on what Ethereum ETFs are and how they work. Learn about the evolving investments in Ether ETFs like ETHR and CI Galaxy’s ETHX, as well as the purpose and benefits of investing in ETHH. Stay ahead of the curve with our curated list of top Ethereum ETFs for Canadian investors.

Canadian Tribunal Strikes Down Bitfarms’ Poison Pill Against Riot Platforms

Canadian Tribunal Strikes Down Bitfarms’ Poison Pill Against Riot Platforms2024-07-25 15:35:16On Wednesday, Bitcoin mining firm Riot Platforms announ […]

Solana ETFs Could Be Approved Without CME Futures: SOL Price Prediction

Solana ETFs Could Be Approved Without CME Futures: SOL Price Prediction2024-07-21 22:57:17Solana ETFs’ approval prospects and SOL price predictions are gaining momentum, with investors speculating on the potential impact of these funds on SOL’s growth. The outlook is being closely watched, especially during U.S. elections, as market sentiment could shift. While CME futures are not yet a necessity, the ETF approval may serve as a significant catalyst for SOL’s price movement. Stay tuned for updates on this developing trend.

The World's Leading Crypto Trading Platform

Get my welcome gifts