How much did Mercado Bitcoin invest in Brazil?

While he declined to reveal the amount of the Mercado Bitcoin’s Series A round, he said it allowed the company to invest around $40 million in expanding its operations in Brazil this year. Today, Mercado Bitcoin has about 500 employees. That compared to around 200 a year ago.

Is Mercado Bitcoin a unicorn?

Mercado Bitcoin, a Latin American digital assets exchange, has raised $200 million in Series B funding from the SoftBank Latin America Fund. The round values 2TM Group, Mercado Bitcoin’s non-operating parent company, at $2.1 billion, ranking it among the top 10 unicorns in Latin America.

How big is Mercado Bitcoin?

That’s more than more than 70% of the entire individual investor base on Brazil’s stock exchange, according to the company. Also, during the first five months of the year, Mercado Bitcoin saw its trade volume surge to $5 billion, which is more than the total volume it saw in its first seven years combined.

Will the Mercado Bitcoin Series B round support continuous innovation?

“There is a lot more to come, and the series B round will be a relevant factor in supporting continuous innovation,” Dagnoni added. While he declined to reveal the amount of the Mercado Bitcoin’s Series A round, he said it allowed the company to invest around $40 million in expanding its operations in Brazil this year.