Announced
Financials
Sources
Tags
Single Bidder
Friendly
Acquisition
Majority
Private
Pending
Portugal
Cross Border
FinTech
crypto exchange
Synopsis
2TM Group, an owner of MercadoBitcoin.com, Latin America’s largest crypto exchange, agreed to acquire CriptoLoja, a first licensed Lisbon-based crypto exchange. Financial terms were not disclosed. “Crypto is a global business. Our Series A & B funding rounds gave us the momentum we needed to expand our international footprint. In addition to an enhanced financial opportunity, the investment provides us with outstanding technology required to compete globally. Portugal is a strategic market for us because it requires a specific license, is becoming an important hub for crypto in Europe and opens a gateway into the larger European market,” Roberto Dagnoni, 2TM Group CEO.
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