SoftBank-Backed Brazilian Bitcoin Exchange Raises $50 Million in Extension Round


  • 2TM, the owner of Brazil’s biggest bitcoin exchange, Mercado Bitcoin, has raised $50 million in an extension round.
  • Now valued at $2.15 billion, the group had captured $200 million in July from SoftBank Group Corp.
  • Mercado Bitcoin has over 3 million clients, while the country’s stock exchange has 3.8 million individual investor accounts as of the first semester of this year.

2TM, the owner of Mercado Bitcoin, the biggest Latin American bitcoin exchange, has raised an extra $50 million in an extension round that initially captured $200 million from SoftBank Group Corp, reported Bloomberg.

The company received investments from private equity firm 10T Holdings and Tribe Capital, a venture capital fund based out of San Francisco with investments in FTX and Kraken. Brazilian venture capital firm PIPO Capital Gestao de Investimentos Ltda. is also participating in the round, per the report.

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