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Mercado Bitcoin parent 2TM to acquire Portuguese exchange CriptoLoja

Brazil-based 2TM Group is expanding into Europe with the acquisition of Lisbon-based exchange CriptoLoja, the company announced on Jan. 12. The acquisition, pending regulatory approval from Portugal’s central bank, will give 2TM a controlling stake in CriptoLoja. 2TM is the parent company of Mercado Bitcoin, which bills itself as the largest crypto exchange in Latin America. In June, CriptoLoja became the first crypto exchange to get a “virtual asset service provider” operating license from Portugal’s central bank, Banco de Portugal. …

Brazil’s 2TM raises $50.3 million in second Series B closing

Brazil’s 2TM Group, the parent company of exchange Mercado Bitcoin, has raised $50.3 million in a second closing for its Series B funding round as it eyes Latin America expansion. The unicorn completed the first closing of the round in July, raising $200 million from the SoftBank Latin America Fund.  The second closing acts as an extension where more investors can join the round. New investors include U.S.-based equity fund 10T and venture capital fund Tribe Capital, plus Brazil-based firms …