Mercado Bitcoin plans to expand to Mexico
Brazil's Mercado Bitcoin awaits regulatory approvals to launch operations in Mexico in the second half of the year
By Shashank Bhardwaj
According to CEO Reinaldo Rabelo, Mercado Bitcoin, the largest Brazilian crypto exchange, will be expanding its operations and conducting business in Mexico through an acquisition in the second part of the year.
Rabelo declined to provide additional information. The only update the Mercado CEO gave was that the exchange is waiting for regulatory approval for the deal and that the acquisition might not concern another trading platform. 2TM, the parent company of Mercado Brazil, had raised $200 million worth of funding from Softbank about a year ago and used the money to support growth throughout Latin America.
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Terra buys $200 million in AVAX for reservesRead More..
Bitcoin will remain as a standard: Chess world champion Garry KasparovRead More..
Coinbase launches in IndiaRead More..
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Germany closes Russian darknet marketplace HydraRead More..
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Crypto industry reels from $600 million hackRead More..
NFT of Nelson Mandela's arrest warrant auctioned for $130,000Read More..
Bank of England calls for tighter regulation of cryptocurrenciesRead More..
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Cryptocurrencies enter Russia-Ukraine conflictRead More..
Russia seeks to regulate cryptocurrenciesRead More..
Donald Trump's NFT collection to laud his own presidencyRead More..