Mercado Bitcoin Raises $50 Million in Extension Round: Fueling Latin American Expansion

Brazil’s most significant Bitcoin exchange, Mercado Bitcoin, has announced a successful $50 million extension round, signaling continued growth and ambition in the Latin American cryptocurrency market. This new injection of capital will allow Mercado Bitcoin to further solidify its position as a leading player and expand its operations across the region.

The funding was secured by 2TM, the parent company of Brazilian cryptocurrency exchange Mercado Bitcoin. This extension round comes after Mercado’s owner, 2TM, raised a substantial amount previously, demonstrating investor confidence in the company's vision and execution.

2TM Secures $50.3 Million to Power Mercado Bitcoin's Growth

2TM, the holding company of leading Latam exchange Mercado Bitcoin, officially closed its Series B funding round, raising $50 million (specifically $50.3 million). The funds will be instrumental in supporting Mercado Bitcoin’s continued development and expansion plans. The infusion of $50.3 million in fresh financing will enable 2TM to scale its operations throughout Latin America, bringing cryptocurrency access to a wider audience.

JPMorgan Chase, SoftBank Among Investors in Mercado Bitcoin

Mercado Bitcoin has raised a total funding of $238M over 2 rounds from 11 investors. This impressive figure highlights the strong appeal of Mercado Bitcoin to both local and international investors. Some of the notable investors include JPMorgan Chase, SoftBank, and 9 others, further validating the company's potential in the burgeoning cryptocurrency landscape.

This latest $50 million extension round underscores Mercado Bitcoin's commitment to providing a secure and accessible platform for cryptocurrency trading and investment in Latin America. The funding will support infrastructure improvements, technological advancements, and the development of new products and services to better serve its growing customer base.