Mercado Bitcoin News

The expansion may not necessarily include Mercado Bitcoin acquiring a Mexico-based crypto exchange to operate in the country.

While crypto companies have been faced with major layoffs, things are nowhere as bad as the tech industry or other traditional sectors.

Cryptocurrency companies unite to create use cases for Brazil’s CBDC with central bank approval.

The crypto exchange previously announced the acquisition of blockchain infrastructure platform Bison Trails as well as the Routefire platform.

A Brazilian newspaper, Estadão, reported that Coinbase could complete the acquisition of $2.2 billion 2TM, the company behind Mercado Bitcoin, by April.

After raising over $250 million from firms such as SoftBank last year, Brazil’s 2TM Group is expanding into Europe.