2TM
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Overview
2TM Group is a Brazilian holding company that controls Mercado Bitcoin, one of Latin America's cryptocurrency exchanges. Mercado Bitcoin's platform traces back to 2011, but the company was reconstituted in its current form on June 12, 2013, after entrepreneurs Rodrigo Batista and Gustavo Chamati took over the business and invested in its technology, security, and customer service following administrative issues under the platform's previous ownership.
Mercado Bitcoin, operated under the 2TM structure, allows Brazilian users to trade Bitcoin, Ethereum, Ripple, Bitcoin Cash, Litecoin, and other digital assets, alongside deposits and withdrawals in Brazilian reais. As of early 2021, the group's investor base included GP Investimentos, Parallax Ventures, Évora, HS Investimentos, Banco Plural, and Gear Ventures, and 2TM had committed roughly R$200 million toward an internationalization strategy aimed at additional Latin American markets.
In January 2022, 2TM announced the acquisition of Criptoloja, a Portuguese cryptocurrency exchange licensed by Portugal's central bank, extending the group's footprint into Europe. The Mercado Bitcoin exchange itself was rebranded to 'MB' in June 2022, while continuing to operate on the Mercado Bitcoin domain.
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