Mercado Bitcoin, a Brazilian crypto exchange, might launch operations in Mexico in 2022, subject to regulatory approval.
For the corporation to begin doing business in Mexico, regulatory approval was still pending. The specifics of the expansion are unknown, but the CEO of Mercado Bitcoin claimed that buying a crypto exchange was a simpler way to enter a new market than beginning from scratch.
As part of the company’s entry into Portugal, Mercado Bitcoin’s operator 2TM Group acquired a majority stake in Lisbon-based crypto exchange CriptoLoja.
If Mercado Bitcoin relocated to Mexico, it would likely face competition from Bitso, a crypto exchange that already serves both Mexico and other European nations.
There are plans to introduce a central bank digital currency. Still, some lawmakers in Mexico have proposed making Bitcoin (BTC) legal tender in the nation, similar to what El Salvador, a neighbouring country, did.
The cryptocurrency market’s price movement was fairly muted as traders took a day to reflect on their week’s worth of gains and book profits after the biggest relief rally.
The Ethereum Merge has remained at the top of the list despite rumours regarding what sparked the recent spike. A potential date for the mainnet Merge was announced, which caused the market rally to accelerate.
Rekt Capital, a market expert, sees a good development in ether’s pullback.
With the opening of its first location in Paraguay, the Spanish crypto exchange BitBase wants to launch its development in other Latin American nations. The sole physical bitcoin trading location currently open in the South American nation is this one.
In Lisbon, Portugal, the business created its first actual physical marketplace for buying and selling bitcoins outside of Spain. This marks the opening of the thirty-first cryptocurrency store for the Spanish firm.
With several dozen cryptocurrency ATMs under its ownership, the Spanish startup has developed into the country’s most significant cryptocurrency business.
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