Brazil\'s Largest Crypto Exchange Holding Firm, 2TM, Fires 15 Staff: What\'s Happening at Mercado Bitcoin?

Recent reports indicate significant restructuring within 2TM Group, the holding company behind Mercado Bitcoin, Brazil’s largest cryptocurrency exchange by trading volume and valuation. Multiple sources confirm layoffs impacting the company\'s workforce.

2TM Group Lays Off 15% of Workforce

As reported on various dates including 1 de sept. de 2025, 2 de sept. de 2025, and 5 de sept. de 2025, 2TM has laid off 15% of its workforce, which translates to approximately 100 employees. This decision follows a similar trend observed in June 2025, suggesting ongoing challenges within the company. Bloomberg Línea also reported on 1 de sept. de 2025 regarding the SoftBank-backed holding company\'s actions.

Restructuring and Market Conditions

Mercado Bitcoin, the main operating entity under 2TM, recently fired “at least” 20 employees amid restructuring efforts, aiming to “focus on professionalization.” The company cited a "deteriorated and unfair" competitive environment, exacerbated by the lack of regulatory clarity and the delayed approval of a legal framework for crypto-activities, as reasons for the cuts. The firm stated on 2 de sept. de 2025, “The competitive environment remains deteriorated and unfair, lacking the approval of the legal framework for crypto-activities, as players following the..." indicating growing frustration with the regulatory landscape.

Mercado Bitcoin Facing Challenges

Mercado Bitcoin, a major player in the Brazilian cryptocurrency market, is navigating a difficult period. As one of the biggest Brazilian cryptocurrency exchanges, according to 3 de sept. de 2025 reports, they have announced a new wave of layoffs amidst a worsening global economic situation for fintech companies. While specific details remain limited, these changes suggest a strategic shift as Mercado Bitcoin adjusts to evolving market dynamics.

Stay tuned for further updates on this developing story.