Mercado Bitcoin owner, 2TM, buys WUZU crypto fintech; price not disclosed

March 11, 2022
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BloombergLinea
The 2TM holding company, parent company of Mercado Bitcoin, one of the largest cryptocurrency exchanges in Latin America, has just fully acquired the crypto fintech Wuzu. Founded in Curitiba in 2017, Wuzu creates solutions for trading digital assets.

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With the acquisition of Wuzu, 2TM will accelerate the production pipeline of the holding company's expansion projects in Brazil and abroad, consolidating one of the most complete crypto ecosystems in the world.

"Wuzu's team is formed by specialists in blockchain technology and solutions for trading digital assets.  This acquisition reinforces the capabilities we already have," said Roberto Dagnoni, CEO of 2TM.

With the merger, 2TM reinforces its presence in the B2B market as a provider of crypto infrastructure solutions. The holding company believes that the transaction also expands the reach and reinforces the positioning of CryptoHub, its "plug & play" solution for financial institutions, payment processors and digital services (such as marketplaces and digital wallets), which intend to offer the purchase and sale of digital assets to their clients.

Wuzu will provide full support to its customer portfolio, which in the future will be able to distribute their tokens directly on Mercado Bitcoin, thus reaching more than 3.3 million customers registered on the platform.

Las opiniones compartidas y expresadas por los analistas son libres e independientes, y de ellas son responsables sus autores. No reflejan ni comprometen el pensamiento u opinión de Latam Fintech Hub, por lo cual no pueden ser interpretadas como recomendaciones emitidas por la platafomra. Esta plataforma es un espacio abierto para promover la diversidad de puntos de vista sobre el ecosistema Fintech.

With the acquisition of Wuzu, 2TM will accelerate the production pipeline of the holding company's expansion projects in Brazil and abroad, consolidating one of the most complete crypto ecosystems in the world.

"Wuzu's team is formed by specialists in blockchain technology and solutions for trading digital assets.  This acquisition reinforces the capabilities we already have," said Roberto Dagnoni, CEO of 2TM.

With the merger, 2TM reinforces its presence in the B2B market as a provider of crypto infrastructure solutions. The holding company believes that the transaction also expands the reach and reinforces the positioning of CryptoHub, its "plug & play" solution for financial institutions, payment processors and digital services (such as marketplaces and digital wallets), which intend to offer the purchase and sale of digital assets to their clients.

Wuzu will provide full support to its customer portfolio, which in the future will be able to distribute their tokens directly on Mercado Bitcoin, thus reaching more than 3.3 million customers registered on the platform.

Las opiniones compartidas y expresadas por los analistas son libres e independientes, y solamente sus autores son responsables de ellas. No reflejan ni comprometen el pensamiento o la opinión del equipo de Latam Fintech Hub y, por lo tanto, no pueden interpretarse como recomendaciones emitidas por la plataforma. Esta plataforma es un espacio abierto para promover la diversidad de puntos de vista en el ecosistema Fintech.
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