CryptoWallCity vs MEXC Exchange

Coinbase spends $2.2 billion to buy 2TM Brazilian crypto unicorns.

Coinbase is reportedly going to continue its global expansion strategy when it acquires Brazilian company 2TM for $2.2 billion, the parent company of Mercado Bitcoin.

Coinbase Global, Inc., branded Coinbase, was founded in 2012 in the United States as a place to send and receive Bitcoin. By far the largest cryptocurrency exchange in the world operating with users in more than 100 countries and customers trading approximately $327 billion per quarter.

US cryptocurrency exchange Coinbase Global will close its acquisition of 2TM at the end of April. Mercado Bitcoin is Latin America’s largest crypto brokerage, whose parent company 2TM has cemented its position in the world unicorns to become billion-dollar companies by 2021.

2TM’s Mercado Bitcoin also acquired Portuguese crypto exchange CriptoLoja, a crypto exchange based in Lisbon, in January.

Negotiations that began last year as part of Coinbase’s efforts to expand operations in an increasingly competitive market have also caught the eye of major rival Binance Holdings.

Brazil’s 2TM crypto unicorn will give Coinbase the leverage it needs to secure market leadership in Latin America. The holdings behind Mercado Bitcoin, Meubank, MB Digital Assets, Bitrust, Blockchain Academy e MezaPro are valued at around $2.2 billion in the latest Series B funding round led by Japan’s SoftBank Group.

For Coinbase, a purchase of 2TM is already planned, the report proves that their global acquisition strategy is very successful. After acquiring an Indian AI startup to improve customer service after receiving bad reactions from customers.

Recently, the project to bring the functionality of traditional finance into crypto investment is booming after Coinbase was suddenly listed. Coinbase’s steps appear to be accelerating in expanding their exchange more widely.