{"id":10502,"date":"2022-05-04T20:05:54","date_gmt":"2022-05-04T20:05:54","guid":{"rendered":"https:\/\/nftandcrypto-news.com\/crypto\/coinbases-plans-to-purchase-firm-behind-mercado-bitcoin-fall-through-report\/"},"modified":"2022-05-04T20:05:55","modified_gmt":"2022-05-04T20:05:55","slug":"coinbases-plans-to-purchase-firm-behind-mercado-bitcoin-fall-through-report","status":"publish","type":"post","link":"https:\/\/nftandcrypto-news.com\/crypto\/coinbases-plans-to-purchase-firm-behind-mercado-bitcoin-fall-through-report\/","title":{"rendered":"Coinbase’s plans to purchase firm behind Mercado Bitcoin fall through: Report"},"content":{"rendered":"
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Coinbase and Brazilian company 2TM, the parent company of Mercado Bitcoin, have reportedly scrapped talks around the crypto exchange purchasing the firm.<\/p>\n
According to a Tuesday Bloomberg report, 2TM and Coinbase have ended discussions around the United States-based crypto exchange buying the Brazilian company, which was valued at more than $2 billion. It\u2019s unclear what led to the purchase potentially not going through, as 2TM reportedly declined to comment and a Coinbase spokesperson said it was simply \u201ccommitted to the Brazilian market.\u201d<\/p>\n
\nCoinbase and 2TM scrapped talks over a possible purchase by the exchange of the Brazilian cryptocurrency brokerage https:\/\/t.co\/HmZxDj7Koi<\/p>\n