The news of the acquisition of CriptoLoja by 2TM is flourishing. Recently, the report reveals that the largest crypto exchange, 2TM has acquired one of Portugal’s licensed crypto exchanges. The CEO and executive chairman of 2TM, Roberto Dagnoni the company holds Mercado Bitcoin. The company announced the news of expanding its reach to Europe. 2TM will enter Europe through Portugal as they have decided to acquire Portugal’s first licensed crypto exchange company, CriptoLoja. Though, as of now, there is no news regarding the number of stakes acquired by 2TM.
Also, 2TM passed a written statement concerning how long will they take to acquire CriptoLoja. The statement says that 2TM is still looking forward to getting approval from Portugal’s central bank regarding the acquisition. Further, within a few months, things will get confirmed.
Why does 2TM wish to acquire CriptoLoja?
Luis Gomes and Pedro Borges will stay connected with the company as they are the original founders of CriptoLoja. Further, their role will expand as they will be responsible for 2TM’s business expansion further in different parts of Europe. 2TM has praised CriptoLoja, and reveal that Portugal is best for their business expansion as it is becoming the center of digital currency in Europe. In October 2021, CriptoLoja released an online trading service as revealed by Pedro Borges to CoinDesk. Additionally, CriptoLoja offers its user to deal with 94 cryptocurrencies and further can trade for them in other 398 currencies. Also, Banco De Portugal provides the license to CriptoLoja as a virtual currency provider. CriptoLoja is now the first licensed crypto exchange company in Europe.