Coinbase gains on report in talks to acquire Brazil crypto unicorn 2TM
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Coinbase Global (NASDAQ:COIN)Â rose 3.5%Â in premarket trading on a report that it's in talks to acquire 2TM, owner of Mercado Bitcoin, Brazil's largest crypto exchange.
Talks between the companies have been happening since last year and a deal could be announced late next month, according to the Estadao newspaper.

Recall in JanuaryÂ MercadoLibre (MELI)Â acquired shares in 2TM Group, parent firm of MercadoBitcoin.com, and made a strategic investment in Paxos, aÂ blockchain infrastructure platform that powers the Mercado Pago cryptocurrency experience in Brazil.