The expansion may not necessarily include Mercado Bitcoin acquiring a Mexico-based crypto exchange to operate in the country.
Mercado Bitcoin News
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- Analysis
While crypto companies have been faced with major layoffs, things are nowhere as bad as the tech industry or other traditional sectors.
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Cryptocurrency companies unite to create use cases for Brazil’s CBDC with central bank approval.
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The crypto exchange previously announced the acquisition of blockchain infrastructure platform Bison Trails as well as the Routefire platform.
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A Brazilian newspaper, Estadão, reported that Coinbase could complete the acquisition of $2.2 billion 2TM, the company behind Mercado Bitcoin, by April.
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After raising over $250 million from firms such as SoftBank last year, Brazil’s 2TM Group is expanding into Europe.
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