Mercado Bitcoin is a cryptocurrency exchange platform that allows people to trade cryptocurrency, digital assets, and other tokens.
Mercado Bitcoin provides access to alternative investments through tokenized assets, such as high-yield public and private debt, FuteCoin, and carbon credits.
Mercado Bitcoin was founded in 2013 by Gustavo Chamati and Mauricio Chamati. The company is headquartered in São Paulo, Brazil.
Mercado Bitcoin supports Brazilian Reals (BRL), offering BRL pairs for BTC, ETH, XRP, BCH, LTC, and USDC. MB has launched in 2019 MB Digital Assets, an asset tokenization initiative that has issued more than BRL 25 MM in asset-backed tokens.
Mercado Bitcoin has 2.8M customers, of which 700.000 signed up between January and May 2021. During that same period, the platform reached 25B Brazilian reais (US$ 4.9B) in transaction volume, more than the entire amount registered since the inception of the business in 2013.
Mercado Bitcoin is backed by SoftBank Latin America Fund, JPMorgan, G2D/GP Investments, Parallax Ventures, HS Investimentos, and others. The company raised $200M in Series B round on Jul 01, 2021. The new round valued the company at $2.1B post-money.