Brazil's 2TM acquires Portugal's first regulated cryptocurrency exchange CriptoLoja

Release time:2022-01-12 02:30 source:Internet Copy link share

2TM, the holding company of Mercado Bitcoin, Brazil’s largest cryptocurrency exchange by market capitalization, announced it has acquired a controlling stake in CriptoLoja, Portugal’s first regulated cryptocurrency exchange. 2TM said in a written statement that the acquisition, the first step in 2TM's European expansion plans, still requires approval from Portugal's central bank, although the company expects this to happen "in the next few months." 2TM did not disclose the amount of the deal or the exact stake it received. The company added that CriptoLoja founders Pedro Borges and Luis Gomes will continue to lead the company while also managing 2TM's expansion in Europe.

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