Mercado Bitcoin Becomes Brazil’s First Crypto Unicorn With Softbank Round
After raising US$ 200 million from Softbank Latin America Fund, Brazilian cryptocurrency exchange Mercado Bitcoin became the country’s latest unicorn, the name given to technology companies worth more than US$ 1 billion.
With a US$ 2.1 billion valuation, the company is also the first crypto unicorn in Brazil. With the transaction, announced on Thursday (1), 2TM Group, the holding controlling Mercado Bitcoin, became the eighth most valuable unicorn in Latin America, the company noted, based on Crunchbase data.
By Angelica Mari via Forbes