SoftBank has supplied the entirety of the cryptocurrency exchange operator's series B round, which valued its parent company 2TM Group at $2.1bn.
Brazil-based cryptocurrency exchange operator Mercado Bitcoin raised $200m in series B funding from internet and telecommunications group SoftBank’s Latin America Fund yesterday at a $2.1bn valuation.
Founded in 2013 and run by holding company 2TM Group, Mercado operates a digital exchange platform where users can trade cryptocurrencies such as Bitcoin and Ethereum.
The company’s trade volume reached $5bn earlier this year while 700,000 users signed up to the platform, bringing its customer base up to 2.8 million, it said.
Mercado…
