2TM, Mercado Bitcoin's holding company, procures $ 50.3 million at the second completion of the Series B-BIT FOR Series-

2TM, Mercado Bitcoin's holding company, procures $ 50.3 million at the second completion of the Series B-BIT FOR Series-

2TM, a Brazilian FinTech-Einhorn, which is the holding company of Mercado Bitcoin, one of the leading crypto exchanges on the continent, has again completed its funding round of series B and collected an additional $ 50 million. The financing round was led by 10T and Tribe Capital based in the USA with the involvement of further new investors.

2TM receives another $ 50 million and is prepared for expansion

2TM, one of the largest FinTech groups in Latin America, has raised to expand the series B-financing round. The second end of the round was led by 10t and Tribe Capital and involved in participating other parties, including Traders Club, Pipo Capital and Endeavor.

The first round of the financing round took place in July when the company received $ 200 from Softbank. 2TM is the holding company of Mercado Bitcoin, one of the leading cryptoma markets in Brazil, and is now trying to extend its services to other countries of the continent. The entry of companies such as 10T, which makes its first investment in the region, could signal that the growth potential of the Latin American markets is still interesting in terms of digital assets.

Roberto Dagnoni, CEO of 2TM, explained that the company's priority would be to reach the Mexican, Argentine, Chilean and Colombian markets in the near future.

considerable growing

2TM has recorded remarkable growth this year, whereby the trading volume between January and October was twice as high as that of Mercado Bitcoin since its introduction in 2013 to December 2020. On the growth of Mercado Bitcoin, Dagnoni emphasized:

Today we have grown to over 3.2 million customers, which corresponds to 80 % of the individual accounts on the Brazilian stock exchange. This growth increases Brazilians' appetite to digital assets and the large transformation that records the traditional financial market.

2TM also diversified its investments and positioned itself as a bridge company between the digital assets and the traditional financial markets. It is allegedly able to serve traditional investors and institutions want to try the crypto market but Still aimed at the retail investors who are interested in digital assets.

What do you think that 2TM will have another $ 50 million in order to expand in Latam's markets? Tell us in the comment area below.

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