According to the local newspaper Estado, an agreement could be unveiled by the end of April. The Estado newspaper reported on Sunday that cryptocurrency exchange Coinbase Global (COIN) seems to be trying to buy 2TM, the owner of Mercado Bitcoin, Brazil’s largest crypto exchange.Discussions between Coinbase and 2TM have been ongoing since last year, as per the report, which did not name sources, and a deal could be revealed in late April.According to the firm, Mercado Bitcoin had 3.2 million customers in 2021, up from 1.1 million the previous year, and its trading volume had increased to $7.1 billion.2TM acquired $200 million in a Series B fundraising round in June, backed by another $50 million in November, valuing the firm at $2.1 billion.Global exchanges including Coinbase, Binance, and Crypto.com shifted their focus to Brazil during a crypto adoption spike that tripled stablecoin trading in 2021 over the last year.Coinbase revealed the development of an engineering hub in Brazil in
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