Coinbase could buy Brazil’s largest crypto exchange, according to a report


RIO DE JANEIRO, BRAZIL – Coinbase, the largest cryptocurrency exchange in the United States, may soon acquire Mercado Bitcoin (MB), the first cryptocurrency company in Latin America to reach unicorn status, meaning a market capitalization of more than US$1 billion.

Estadão first reported the interest in MB on March 27, which claimed that negotiations between the companies began months ago. The following day, Bloomberg revealed more details about the progress of the acquisition.

HISTORIC PURCHASE

According to the website, 2TM, the exchange conglomerate’s parent company, has hired JP Morgan bank to assist in the sale process, which is . . .

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