SoftBank invests $200m in Latam cryptocurrency exchange Mercado Bitcoin

SoftBank invests $200m in Latam cryptocurrency exchange Mercado Bitcoin

Photo: Internet Archive

Japan’s SoftBank Group Corp has invested $200 million in Mercado Bitcoin, one of the largest cryptocurrency exchanges in Latin America, said Roberto Dagnoni, executive chairman and chief executive officer of 2TM Group, the trading platform’s parent company.

The investment, raised in a Series B funding round, was made through SoftBank Latin America Fund and represents the Japanese multinational company’s largest investment in a Latin American crypto company. As a result of the investment, 2TM said its valuation reached $2.1 billion.

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