Coinbase has begun talks to buy Brazil’s largest crypto exchange
The investors valued the 2TM exchange at $2,2 billion
28.03.2022 - 11:45
171
1 min
0
What’s new? The Coinbase cryptocurrency exchange has begun talks to buy Brazil’s largest cryptocurrency exchange 2TM, the Estadão newspaper reported. The deal may be announced at the end of April.
What is known about 2TM? It is the parent company of Brazil’s Mercado Bitcoin exchange. In 2021, the number of clients of the crypto exchange exceeded 3 million and the trading volume reached $7,1 million. 2TM was valued at $2,2 billion in the latest Series B funding round led by Japanese holding company SoftBank. In January, the company bought a majority stake in Portugal’s first regulated crypto exchange, CriptoLoja.
What is known about Coinbase? It is the largest US cryptocurrency exchange, founded in 2012 by Brian Armstrong and Fred Ehrsam. Coinbase shares began trading on the US stock exchange in 2021. The trading platform became the world’s first public cryptocurrency exchange.
Useful material?
Telegram 
Twitter Incidents
The exchange noted that the asset no longer meets internal quality standards
Nov 28, 2023
Market
On November 24, bitcoin reached its highest since May last year
Nov 28, 2023
Market
The dominant asset in this network is the USDT stablecoin from Tether
Nov 27, 2023
Market
The project’s founder also responded to community concerns about fraud due to the high promised returns
Nov 27, 2023
Market
The app has been removed from the iOS and Android marketplaces
Nov 27, 2023
Cryptocurrency rates
-
Bitcoin
$38 086
BTC
+2.84%
-
Ethereum
$2 058.42
ETH
+2.51%
-
BNB Smart Chain
$230.24
BSC
+1.85%
-
Ripple
$0.610977
XRP
+1.73%
-
Cardano
$0.386061
ADA
+2.4%
-
Dogecoin
$0.080163
DOGE
+2.76%
-
Polkadot
$5.29
DOT
+3.65%
-
Litecoin
$69.74
LTC
+1.41%
-
Bitcoin Cash
$223.28
BCH
+0.62%
-
Stellar XLM
$0.117811
XLM
+2.03%