Softbank-backed Brazilian crypto firm acquires Portuguese exchange – Reuters
- Date: 12-Jan-2022
- Source: Reuters
- Sector:Financial Markets
- Country:Middle East
Softbank-backed Brazilian crypto firm acquires Portuguese exchange – Reuters
NEW YORK, Jan 12 (Reuters) - Softbank-backed Brazilian company 2TM, which runs Latin America's largest cryptocurrency exchange Mercado Bitcoin, said on Wednesday it will acquire a controlling stake in Lisbon-based crypto exchange CriptoLoja.
The Brazilian firm, valued at roughly $2.2 billion, declined to disclose the terms of the acquisition, but said the transaction is pending approval with Banco de Portugal, the nation's central bank.
CriptoLoja has been operating since July last year. In June 2021, it received Portugal's first official license as a virtual asset service provider.
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