Crypto Firms 2TM and Paxos and MercadoLibre Investments

Latin American e-commerce firm Mercado Libre has invested in 2TM, the holding company of Brazil's largest cryptocurrency exchange, Mercado Bitcoin, and Paxos, a blockchain infrastructure company, Golden Finance reported. Mercado Libre said in a statement Thursday that it had acquired part of 2TM and made an investment in Paxos, but did not disclose the equity. These investments support Mercado Libre's "commitment to developing and deploying crypto assets and blockchain technology in the region," Mercado said. Mercado Bitcoin will grow by $250 million in 2021 with a value of $2.2 billion. (Change machine)