Share this article
Coinbase Said Near Deal to Buy Owner of Brazil’s Largest Crypto Exchange: Report
A transaction could be announced by the end of April, according to local newspaper Estadão.
Updated May 11, 2023, 7:15 p.m. Published Mar 27, 2022, 7:23 p.m.
Cryptocurrency exchange Coinbase Global (COIN) is in talks to acquire 2TM, owner of Mercado Bitcoin, Brazil’s largest crypto exchange, the Estadão newspaper reported Sunday.
According to the report, which did not cite sources, negotiations between Coinbase and 2TM have been taking place since last year and an agreement could be announced in late April.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Mercado Bitcoin reached 3.2 million customers in 2021, of which 1.1 million were added last year, the company told CoinDesk recently, adding that its trading volume reached $7.1 billion in 2021.
In June, 2TM raised $200 million in a Series B funding round and $50 million in a second closing of the funding in November, which valued the company at $2.1 billion.
Amid a Brazilian crypto adoption boom that tripled stablecoin trading in 2021 over the previous year, global exchanges such as Coinbase, Binance and Crypto.com turned their attention to the Latin American country.
In November 2020, Coinbase announced the creation of an engineering hub in Brazil and opened different positions to expand its team there.
Binance, for its part, plans to acquire banks and payment processors in Brazil, Binance CEO Changpeng Zhao said on March 16 during a visit to Sao Paulo. That same month, the company signed a Memorandum of Understanding (MoU) to acquire Brazilian securities brokerage Sim;paul Investimentos.
2TM plans to grow in Latin America through acquisitions in Argentina, Chile, Colombia and Mexico, 2TM CEO Roberto Dagnoni told CoinDesk. In January, the company acquired a controlling stake in CriptoLoja, Portugal's first regulated crypto exchange.
In addition to being the owner of Mercado Bitcoin, 2TM also owns the companies Meubank, MB Digital Assets, Bitrust, Blockchain Academy and MezaPro.
According to Estadão, Coinbase also identified Mexican crypto exchange Bitso as an acquisition target, but apparently no deal was reached, the newspaper said.
Both Coinbase and Mercado Bitcoin did not immediately respond to CoinDesk's queries.
Di più per voi
Cosa sapere:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
Di più per voi
French Banking Giant BPCE to Roll Out Crypto Trading for 2M Retail Clients
The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq.
Cosa sapere:
- French banking group BPCE will start offering crypto trading services to 2 million retail customers through its Banque Populaire and Caisse d’Épargne apps, with plans to expand to 12 million customers by 2026.
- The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq, with a €2.99 monthly fee and 1.5% transaction commission.
- The move follows similar initiatives by other European banks, such as BBVA, Santander, and Raiffeisen Bank, which have already started offering crypto trading services to their customers.
Top Stories
