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
