What is 2TM & Mercado Bitcoin?

The 2TM Group is a Brazilian holding company managing a range of digital asset services and solutions. Mercado Bitcoin, Latin America’s largest cryptocurrency exchange, is the crown jewel in its portfolio. In the first five months of 2021, the exchange processed transactions totaling almost $5 billion USD in volume.

Did Mercado Bitcoin raise $200 million from SoftBank Latin America Fund?

Got it! Brazil’s leading cryptocurrency exchange, Mercado Bitcoin raised $200 million from the SoftBank Latin America Fund, Mercado’s parent company 2TM Group announced today. The investment values 2TM Group at $2.1 billion and is SoftBank’s largest capital injection in a Latin America crypto company.

Who acted as advisors to 2TM & Mercado Bitcoin?

J.P.Morgan and DealMaker acted as advisors to 2TM on the transaction. The 2TM Group is a Brazilian holding company managing a range of digital asset services and solutions. Mercado Bitcoin, Latin America’s largest cryptocurrency exchange, is the crown jewel in its portfolio.

What is Mercado Bitcoin?

“Mercado Bitcoin is a regional leader in the crypto space and the leading crypto exchange in Brazil. They are tapping into a huge local and regional addressable market measured by potential use cases for crypto,” says Paulo Passoni, managing partner at SoftBank’s SBLA Advisers Corp. (which manages the SoftBank Latin America Fund).