Your World of Legal Intelligence
 United Kingdom | +44 (0) 20 7284 8080

Brazil's 2TM Group Acquires Portuguese Crypto Exhange CriptoLoja.

Document Cited in Related
Vincent

MANews-(C)2009-2022

Brazil's 2TM Group, the owner of Latin American crypto exchange MercadoBitcoin.com, has acquired a controlling stake in Lisbon-based crypto exchange CriptoLoja, the company said.

In June 2021, CriptoLoja received Portugal's first official license as a "virtual asset service provider" from Banco de Portugal, the nation's central bank, which still needs to approve this acquisition.

The Brazilian holding company will start its expansion into Europe with an over-the-counter operation.

As a second phase, it intends to take the entire MercadoBitcoin.com platform to retail and institutional investors.

2TM views the EU-regulated environment as a highly beneficial operating space.

CriptoLoja's founders, LuÃ-s Gomes and Pedro Borges, will remain co-heads of the business while also leading 2TM's expansion on the continent.

He says the platform also intends to be the place for individuals or companies to go when thinking about investing, trading, exchanging or hedging crypto assets.

The 2TM Group is a Brazilian holding company managing a range of digital asset services and solutions. Mercado Bitcoin, Latin America's largest cryptocurrency exchange, is the crown jewel in its portfolio.

In the...

To continue reading

Request your trial
COPYRIGHT Normans Media Ltd.

VLEX uses login cookies to provide you with a better browsing experience. If you click on 'Accept' or continue browsing this site we consider that you accept our cookie policy. ACCEPT