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Coinbase is set to continue its global acquisition strategy, reportedly buying the Brazilian company 2TM, the parent company of Mercado Bitcoin. According to information from Estadão, the third-largest newspaper in Brazil and read by 212 million o populace, the Coinbase acquisition could be complete by next month. Negotiations for the purchase have
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Leading cryptocurrency exchange Binance is showing its intention of expanding its activities to Brazil. The company announced that it has signed a memorandum of understanding with a regulated securities brokerage firm in Brazil, with the intention of acquiring it. The company, called Sim;paul Investimentos, offers different investment options to its
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The ETF will start trading on March 30 under the ticker WEB311. Original Source
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The potential deal comes ahead of legislation that would require proper licensing for overseas crypto exchanges operating in Brazil. Source
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In 2021, the Brazilian cryptocurrency market gained more investors, reached the Brazilian stock exchange and “punctured the bubble” of the mainstream, becoming an important part of the investment portfolio of ordinary Brazilians. In addition to strengthening the crypto community in Brazil, the initiatives of Brazilian blockchain companies have taken cryptocurrencies to
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Image The Brazilian Senate economic affairs committee approved a bill legalizing crypto transactions on February 22, 2022. Bill PL 3825/19 was introduced by Senator Flavio Arns who authored it in 2019. The bill was then crafted jointly in collaboration with Brazil's Central Bank, the securities exchange commission, and the federal tax authority,
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Funds will be used for developing new technology, team expansion and potential acquisitions, the company said. Original Source
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QDFI11 was listed on the Brazilian stock exchange, B3, and tracks the Bloomberg Galaxy DeFi index. Source
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Brazilian crypto asset manager QR Assets has launched a decentralized finance exchange-traded fund, or DeFi ETF, on the Brazilian Stock Exchange.The DeFi ETF, called QDFI11, would track the Bloomberg Galaxy DeFi Index and make 100% of its investment in real DeFi assets. The DeFi ndex tracks Uniswap (UNI), Aaave Decentralized
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