SoftBank Latin America led a $200m Series B round in Mercado Bitcoin.

SoftBank Latin America Fund led a $200m Series B funding round in Mercado Bitcoin, a Brazilian cryptocurrency exchange. Mercado Bitcoin will use the funds to increase its scale, expand its offerings and invest in infrastructure to meet the soaring demand for crypto in the region. “Mercado Bitcoin and its sister companies have demonstrated both innovation and leadership in the space. As we’ve developed a scalable market infrastructure, we have become the most trusted crypto brand in Brazil. This unique positioning has allowed us to capitalize on the surging interest in cryptocurrencies in both Brazil and Latin America more broadly, resulting in the significant expansion of our market share in the past year and paving the way for continued growth," Gustavo Chamati, Mercado Bitcoin Co-Founder and Board Member.