{"id":9035,"date":"2021-07-02T02:54:07","date_gmt":"2021-07-02T02:54:07","guid":{"rendered":"https:\/\/www.buyucoin.com\/crypto-labs\/softbank-invests-200-million-in-brazilian-crypto-trading-platform-mercado-bitcoin\/"},"modified":"2021-07-02T02:54:07","modified_gmt":"2021-07-02T02:54:07","slug":"softbank-invests-200-million-in-brazilian-crypto-trading-platform-mercado-bitcoin","status":"publish","type":"post","link":"https:\/\/www.buyucoin.com\/crypto-labs\/softbank-invests-200-million-in-brazilian-crypto-trading-platform-mercado-bitcoin\/","title":{"rendered":"Softbank Invests $200 Million in Brazilian Crypto Trading Platform Mercado Bitcoin"},"content":{"rendered":"

The multinational conglomerate holding company headquartered in Tokyo, Softbank operates a Latin America Fund that invests in startups focused on identification technology, e-commerce, education, fintech and now cryptocurrency solutions. The Softbank Latin America Fund revealed on Thursday that it invested $200 million in the crypto-asset exchange Mercado Bitcoin.<\/strong><\/p>\n

Mercado Bitcoin\u2019s $200M Capital Raise: Softbank Funds One of the largest Series B funding rounds in LATM<\/h2>\n

The Softbank Latin America Fund<\/a> has invested in Mercado Bitcoin\u2019s parent company 2TM Group<\/a>. The announcement highlights that it is one of the largest Series B funding rounds in Latin America and Softbank\u2019s largest crypto investment in the Latin American continent. The investment brings 2TM Group\u2019s unicorn status to $2.1 billion and the eighth-most valuable fintech firm in Latin America.<\/p>\n

Mercado Bitcoin<\/a> aims to leverage the financing to continue scaling operations and invest in more infrastructure. The company\u2019s announcement emphasizes that over the last 12 months, Mercado Bitcoin has gathered 2.8 million clients. \u201cBetween January and May 2021, approximately 700,000 new customers signed up to use Mercado Bitcoin\u2019s services,\u201d the company\u2019s announcement detailed. Additionally, Mercado Bitcoin\u2019s trade volume in 2021 has seen massive growth as well \u201csurpassing the total for its first seven years combined.\u201d<\/p>\n

\u201cMercado Bitcoin has become a global leader in the cryptocurrency space. We\u2019ve been impressed by 2TM Group\u2019s understanding of the Brazilian ecosystem, as well as their contribution to the evolving regulatory framework in Brazil,\u201d Marcelo Claure, CEO of Softbank Group International and COO of Softbank Group said in a statement. The Softbank executive further added:<\/p>\n

Cryptocurrencies have incredible potential in Latin America. We believe winning in Brazil is critical for 2TM Group and are excited to take part in this incredible journey.<\/p>\n

<\/p>\n

Softbank Group and the Conglomerate\u2019s Portfolio Companies Have Vested Interest in Fintech and Blockchain<\/h2>\n

Fintech companies and crypto solutions have gathered mainstream attention in Latin America and the first Bitcoin exchange-traded fund (ETF) in Latin America made its debut<\/a> on the Brazil Stock Exchange last week. Softbank Group and the firm\u2019s Latin America Fund have been growing portfolio companies based on these trends. The Softbank Latin America Fund also backs fintech firms such as Creditas, Cortex, Inter, Loggi, Konfio, and Ual\u00e1.<\/p>\n

The multinational conglomerate Softbank has been into crypto and blockchain technology for quite some time. In October of 2019, Softbank announced<\/a> it was working with Tbcasoft, and IBM on a cross-carrier blockchain technology project. Softbank also worked<\/a> with Tbcasoft when the firms created a blockchain-based \u201cIdentification & Authentication\u201d Working Group the same year.<\/p>\n

One of the Tokyo-based company\u2019s portfolio firms is also leveraging crypto-asset solutions. Just recently, in mid-April 2021, the Softbank-backed global space provider Wework recently revealed<\/a> it was accepting cryptos and keeping digital assets on its balance sheet.<\/p>\n

Mercado Bitcoin\u2019s financing from Softbank follows the company\u2019s Series A round in January 2021, which was co-led by Parallax Ventures and G2D\/GP Investments. Mercado Bitcoin aims to use the funding to \u201caccelerate growth across 2TM Group\u2019s portfolio.\u201d 2TM Group\u2019s portfolio also includes the crypto wallet provider Meubank and it hopes to launch a fund called the \u201cBitrust\u201d in the near future.<\/p>\n

What do you think about Softbank funding 2TM Group and its subsidiary Mercado Bitcoin with $200 million in financing? Let us know what you think about this subject in the comments section below.<\/strong><\/em><\/p>\n

Bitcoin News
\nFinance, 2TM Group, Blockchain, Brazil, Brazilian, Cortex, Creditas, crypto solutions, G2D\/GP Investments, Inter, Konfio, Latin America, LATM, Loggi, Marcelo Claure, Mercado Bitcoin, Meubank, Parallax Ventures, Softbank, softbank bitcoin, softbank crypto, Softbank Group, Softbank Group International, Softbank Latin America Fund<\/p>\n","protected":false},"excerpt":{"rendered":"

The multinational conglomerate holding company headquartered in Tokyo, Softbank operates a Latin America Fund that invests in startups focused on identification technology, e-commerce, education, fintech and now cryptocurrency solutions. The Softbank Latin America Fund revealed on Thursday that it invested $200 million in the crypto-asset exchange Mercado Bitcoin. Mercado Bitcoin\u2019s $200M Capital Raise: Softbank Funds…<\/p>\n","protected":false},"author":0,"featured_media":9036,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[53,3],"tags":[],"class_list":["post-9035","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-news","category-coin-news"],"_links":{"self":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/9035"}],"collection":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/comments?post=9035"}],"version-history":[{"count":0,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/9035\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media\/9036"}],"wp:attachment":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media?parent=9035"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/categories?post=9035"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/tags?post=9035"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}