Coinbase (Nasdaq: COIN) is in talks to acquire 2TM, which is the operator of the top Brazilian crypto trading platform
Trading Platform
In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real-time updates on quotes, charts and is the main frontend which customers are facing.Brokers either use existing trading platforms and sometimes customize them, or develop their own platform from scratch. Since the beginning of the retail FX trading business MetaQuotes and its platforms MetaTrader 4 (MT4) and MetaTrader 5 (MT5) have been the industry standard, especially when it comes to automated trading.MT4 Shows Resiliency While MT4 has long been seen as ubiquitous amongst brokers’ offerings, a targeted push by MetaQuotes themselves has led to broader adoption of MT5 in recent years. Advanced trading platforms such as MT4 or MT5 also allow access to a wide range of asset classes available for trading.The development of trading platforms over the past decade has failed to successfully dethrone MT4 or MT5, notably in the retail market. However, in institutional markets, brokerage companies and banking entities also construct and utilize proprietary currency trading platforms to help satisfy internal needs with trades executed through institutional trading channels.By far the most important parameter for many retail clients is the optionality and pairs available on trading platforms. Additionally, demand by traders has led to a greater emphasis on newer features such as advanced charting and other tools.
In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real-time updates on quotes, charts and is the main frontend which customers are facing.Brokers either use existing trading platforms and sometimes customize them, or develop their own platform from scratch. Since the beginning of the retail FX trading business MetaQuotes and its platforms MetaTrader 4 (MT4) and MetaTrader 5 (MT5) have been the industry standard, especially when it comes to automated trading.MT4 Shows Resiliency While MT4 has long been seen as ubiquitous amongst brokers’ offerings, a targeted push by MetaQuotes themselves has led to broader adoption of MT5 in recent years. Advanced trading platforms such as MT4 or MT5 also allow access to a wide range of asset classes available for trading.The development of trading platforms over the past decade has failed to successfully dethrone MT4 or MT5, notably in the retail market. However, in institutional markets, brokerage companies and banking entities also construct and utilize proprietary currency trading platforms to help satisfy internal needs with trades executed through institutional trading channels.By far the most important parameter for many retail clients is the optionality and pairs available on trading platforms. Additionally, demand by traders has led to a greater emphasis on newer features such as advanced charting and other tools.
Read this Term Mercado Bitcoin, local daily Estadão reported on Sunday.
Though the two exchanges did not reveal anything officially, they were already in negotiations for the deal since last year and are expected to enter into an agreement by the end of April.
The move can be seen as a part of the American crypto exchange giant’s plan to expand its operations on a global scale. In a letter released in February, the exchange also revealed its plans to enhance its base in the Latin American markets and is also is expanding its workforce.
A Major Crypto Exchange in the Region
Apart from the digital asset trading services, the Brazilian platform also provides services involving decentralized finance (DeFi) and is also involved in the development of a metaverse ecosystem.
The crypto exchange parent, 2TM also owns several other companies, including Meubank, MB Digital Assets, Bitrust, Blockchain Academy and MezaPro. The company is also planning to expand into Argentina, Chile, Colombia and Mexico through acquisitions.
2TM is also backed by deep-pocket venture capital companies. It raised $200 million last June and closed another $50 million funding round in November at a valuation of $2.1 billion.
Coinbase is not the only exchange to focus on its Latin American expansion. Its competitor Binance is also looking to acquire banks and payment processors in the region. It even signed a Memorandum of Understanding (MoU) to acquire Brazilian securities brokerage Sim;paul Investimentos.
The report further said that Coinbase’s interest in 2TM came after it failed to acquire Mexican crypto exchange Bitso.
Coinbase (Nasdaq: COIN) is in talks to acquire 2TM, which is the operator of the top Brazilian crypto trading platform
Trading Platform
In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real-time updates on quotes, charts and is the main frontend which customers are facing.Brokers either use existing trading platforms and sometimes customize them, or develop their own platform from scratch. Since the beginning of the retail FX trading business MetaQuotes and its platforms MetaTrader 4 (MT4) and MetaTrader 5 (MT5) have been the industry standard, especially when it comes to automated trading.MT4 Shows Resiliency While MT4 has long been seen as ubiquitous amongst brokers’ offerings, a targeted push by MetaQuotes themselves has led to broader adoption of MT5 in recent years. Advanced trading platforms such as MT4 or MT5 also allow access to a wide range of asset classes available for trading.The development of trading platforms over the past decade has failed to successfully dethrone MT4 or MT5, notably in the retail market. However, in institutional markets, brokerage companies and banking entities also construct and utilize proprietary currency trading platforms to help satisfy internal needs with trades executed through institutional trading channels.By far the most important parameter for many retail clients is the optionality and pairs available on trading platforms. Additionally, demand by traders has led to a greater emphasis on newer features such as advanced charting and other tools.
In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real-time updates on quotes, charts and is the main frontend which customers are facing.Brokers either use existing trading platforms and sometimes customize them, or develop their own platform from scratch. Since the beginning of the retail FX trading business MetaQuotes and its platforms MetaTrader 4 (MT4) and MetaTrader 5 (MT5) have been the industry standard, especially when it comes to automated trading.MT4 Shows Resiliency While MT4 has long been seen as ubiquitous amongst brokers’ offerings, a targeted push by MetaQuotes themselves has led to broader adoption of MT5 in recent years. Advanced trading platforms such as MT4 or MT5 also allow access to a wide range of asset classes available for trading.The development of trading platforms over the past decade has failed to successfully dethrone MT4 or MT5, notably in the retail market. However, in institutional markets, brokerage companies and banking entities also construct and utilize proprietary currency trading platforms to help satisfy internal needs with trades executed through institutional trading channels.By far the most important parameter for many retail clients is the optionality and pairs available on trading platforms. Additionally, demand by traders has led to a greater emphasis on newer features such as advanced charting and other tools.
Read this Term Mercado Bitcoin, local daily Estadão reported on Sunday.
Though the two exchanges did not reveal anything officially, they were already in negotiations for the deal since last year and are expected to enter into an agreement by the end of April.
The move can be seen as a part of the American crypto exchange giant’s plan to expand its operations on a global scale. In a letter released in February, the exchange also revealed its plans to enhance its base in the Latin American markets and is also is expanding its workforce.
A Major Crypto Exchange in the Region
Apart from the digital asset trading services, the Brazilian platform also provides services involving decentralized finance (DeFi) and is also involved in the development of a metaverse ecosystem.
The crypto exchange parent, 2TM also owns several other companies, including Meubank, MB Digital Assets, Bitrust, Blockchain Academy and MezaPro. The company is also planning to expand into Argentina, Chile, Colombia and Mexico through acquisitions.
2TM is also backed by deep-pocket venture capital companies. It raised $200 million last June and closed another $50 million funding round in November at a valuation of $2.1 billion.
Coinbase is not the only exchange to focus on its Latin American expansion. Its competitor Binance is also looking to acquire banks and payment processors in the region. It even signed a Memorandum of Understanding (MoU) to acquire Brazilian securities brokerage Sim;paul Investimentos.
The report further said that Coinbase’s interest in 2TM came after it failed to acquire Mexican crypto exchange Bitso.
