Coinbase Said Near Deal to Buy Owner of Brazil’s Largest Crypto Exchange: Report

Coinbase Said Near Deal to Buy Owner of Brazil’s Largest Crypto Exchange: Report

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Cryptocurrency exchange Coinbase Global (COIN) is in talks to acquire 2TM, owner of Mercado Bitcoin, Brazil’s largest crypto exchange, the Estadão newspaper reported Sunday.

According to the report, which did not cite sources, negotiations between Coinbase and 2TM have been taking place since last year and an agreement could be announced in late April.