Coinbase is likely to bid to buy Brazil's Crypto Unicorn 2TM.
Coinbase will be able to acquire a market-leading position in Latin America as a result of its acquisition of crypto unicorn 2TM.
By the end of April 2022, 2TM will operate Latin America's largest crypto brokerage, Mercado Bitcoin.
2TM will be able to accelerate its growth in Latin America and other countries such as Colombo, Chile, Mexico, and Argentina as a result of the acquisition.
That’d be part of Coinbase's mission to grow its presence in Brazil's increasingly competitive market.
Coinbase, on the other hand, has yet to issue an official statement on the subject.