2TM Group, the operator of Mercado Bitcoin, Latin America’s largest cryptocurrency exchange, acquired a cryptocurrency exchange in Portugal hereby expanding their worldwide operations .
The firm announced the purchase of a majority ownership in CriptoLoja, a Lisbon-based cryptocurrency exchange approved by the Portuguese central bank, on Wednesday.
The new agreement, which is subject to approval by Banco de Portugal, aims to assist 2TM in launching its over-the-counter exchange services in Europe. Mercado Bitcoin will also be available to individual and institutional investors in Portugal, according to the business.
“We will access the European market using the clear synergies with our presence in Latin America, as we share the same language, a recognized brand, and cross-sell opportunities for customers. There are many Brazilians living in Portugal who would love to invest through our platform,” 2TM CEO Roberto Dagnoni said.
