Mercado Bitcoin, Latin America’s largest digital assets platform, raised $20M from Tether in the first close of its Series C round. The round also includes participation from the company’s founders and existing investor SoftBank.
Founded in 2013 by Roberto Dagnoni, Gustavo Chamati, Mauricio Chamati, and Rodrigo Batista, Mercado Bitcoin offers cryptocurrency trading, tokenized investments, lending, stablecoin payments, and banking services. Mercado Bitcoin operates under more than 10 licenses across Brazil and Europe, including a Payment Institution license from the Central Bank of Brazil.
With the funds, Mercado Bitcoin will expand its payments infrastructure, scale its tokenized investment products for retail and institutional investors, strengthen its lending business, and develop on-chain capital markets.
Mercado Bitcoin has processed more than $30B in transactions and serves 4.5 million users.
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