Law360 (July 1, 2021, 7:01 PM EDT) — SoftBank poured $200 million into Latin American cryptocurrency trade Mercado Bitcoin, valuing its mum or dad firm 2TM Group at $2.1 billion, 2TM stated Thursday.
2TM Group referred to as the financing the biggest Sequence B spherical in Latin America and SoftBank’s largest funding in a Latin American cryptocurrency firm. São Paulo-based Mercado Bitcoin is a cryptocurrency trade that boasts greater than 2.8 million prospects and noticed $5 billion in commerce quantity within the first 5 months of 2021, in accordance with the announcement.
The funds will go towards rising Mercado Bitcoin’s workforce in addition to supporting different 2TM corporations centered on cryptocurrency companies, the announcement…
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