Parent Company of Brazil’s Largest Crypto Exchange Enters Europe With Portuguese Acquisition

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Parent Company of Brazil’s Largest Crypto Exchange Enters Europe With Portuguese Acquisition
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2TM, owner of Brazil’s largest crypto exchange MercadoBitcoin, acquired a majority stake in CriptoLoja, Portugal's first regulated crypto exchange. andresengler reports

Roberto Dagnoni, CEO and executive chairman of 2TM, Mercado Bitcoin’s parent company.

The acquisition, which is step one in 2TM’s plans to expand into Europe, still needs approval from Portugal's Central Bank, 2TM told CoinDesk in a written statement, although the company expects that to occur “within the next couple of months.”Pedro Borges and Luis Gomes, founders of CriptoLoja, will remain in charge of the company while also managing 2TM's expansion in Europe, the company added.

2TM will initially offer over-the-counter trading in Portugal, while it plans to include Mercado Bitcoin’s services for retail and institutional clients later.

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