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SoftBank: Invests $200 million in Mercado Bitcoin | Fintech InShorts: Latest fintech news, analysis by experts
Monday, December 23, 2024

SoftBank: Invests $200 million in Mercado Bitcoin

SoftBank: Invests $200 million in Mercado Bitcoin

  • SoftBank a Japanese multinational conglomerate holding company headquartered in Minato, Tokyo
  • 2TM Group, the parent company of Mercado Bitcoin, the leading cryptocurrency exchange in Latin America
  • Announced that Mercado Bitcoin has raised $200 million USD from the Latin America Fund
  • The fundraise represents the largest Series B round in Latin America’s history and the largest investment in a Latin America crypto company
  • The investment values 2TM Group at $2.1 billion USD, making it the eighth-most valuable unicorn in Latin America
  • Mercado Bitcoin will use the funds to increase its scale, expand its offerings and invest in infrastructure to meet the soaring demand for crypto in the region

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