Major cryptocurrency exchange Coinbase Global Inc COIN is reportedly in talks to acquire 2TM, the parent company of Brazil's largest crypto exchange Mercado Bitcoin. What Happened: According to a report from local publication Estadão, Coinbase is expected to close the deal sometime in April. Mercado Bitcoin has a trading volume of over $7 billion and a user base of 3.2 million customers, reported CoinDesk. Last year, the crypto exchange's parent company raised $200 million in Series B funding from the SoftBank Latin America Fund.