Japan’s SoftBank invests $200 million in biggest crypto exchange of Brazil

The international corporation holding company headquartered in Tokyo, Softbank runs a Latin America Fund that invests in start-ups concentrated on recognition innovation, e-commerce, education, fintech, and now cryptocurrency services. The Softbank Latin America Fund exposed on Thursday that it invested $200 million in the crypto-asset exchange Mercado Bitcoin.

The financial investment, raised in a Series B financing round, was made through SoftBank Latin America Fund and represents the Japanese international business’s biggest financial investment in Latin American crypto business. As a result of the financial investment, 2TM stated its evaluation reached $2.1 billion.

The SoftBank capital raise comes at a time when financier belief on cryptocurrencies has actually soured amidst regulative crackdowns in China, Britain and Japan. That has actually caused outflows from crypto financial investment items and funds the last couple of weeks.

Dagnoni, nevertheless, was unfazed by the existing downturn in cryptocurrencies.

“We are strong believers in the fundamentals of crypto,” Dagnoni told Reuters in a phone interview.

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