Law360 (July 1, 2021, 7:01 PM EDT) — SoftBank poured $200 million into Latin American cryptocurrency change Mercado Bitcoin, valuing its father or mother firm 2TM Group at $2.1 billion, 2TM stated Thursday.
2TM Group referred to as the financing the most important Sequence B spherical in Latin America and SoftBank’s largest funding in a Latin American cryptocurrency firm. São Paulo-based Mercado Bitcoin is a cryptocurrency change that boasts greater than 2.8 million clients and noticed $5 billion in commerce quantity within the first 5 months of 2021, based on the announcement.
The funds will go towards rising Mercado Bitcoin’s staff in addition to supporting different 2TM firms targeted on cryptocurrency companies, the announcement…
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