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Brazilian Crypto Company 2TM to acquire CriptoLoja Exchange

Brazilian Crypto Company 2TM to acquire CriptoLoja Exchange

Aaron S. Editor-In-Chief
Written by Aaron S.,
Editor-In-Chief

✓ Fact Checked

Last Updated: January 12, 2022

✓ Fact Checked

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Brazilian Crypto Company 2TM to acquire CriptoLoja Exchange

Backed by the SoftBank investment group in Tokyo, 2TM, the parent company of the largest crypto marketplace in South America - Mercado Bitcoin, will be taking a Portuguese crypto exchange CriptoLoja under its wing.

This expansion of 2TM can be linked to a secured funding round for its subsidiary Mercado Bitcoin. The funding was led by SoftBank, which amounted to a total of $200M.

According to a report by Reuters, 2TM has already sent out a request for the acquisition of CriptoLoja to the Central Bank of Portugal and is currently waiting for approval. The CEO of 2TM  Roberto Dagnoni commented on the decision, stating:

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"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…"

Lisbon-based exchange CriptoLoja has been a licensed crypto provider for over a year now. Its founders Luís Gomes and Pedro Borges will stay within the company to help the expansion of 2TM across Europe and South America. 

2TM is a Brazil-based digital ecosystem that is looking to empower and help the development of emerging FinTech companies, especially those focusing on blockchain technologies. 

Aaron S. Editor-In-Chief
Aaron S. Editor-In-Chief
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.
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