Wemix Listed on Brazil's Largest Exchange 'Mercado Bitcoin'

[Asia Economy Reporter Seungjin Lee] WEMIX, the utility coin of WEMIX Play, was listed on Mercado Bitcoin, the largest cryptocurrency exchange in Brazil, on the 15th. WEMIX can now be traded in the local Brazilian currency, the Real.

Mercado Bitcoin, established in 2013, is the largest exchange in Brazil. It offers services including trading of over 200 cryptocurrencies, staking, NFTs, fan tokens, and a blockchain academy. Its parent company, 2TM Group, has received investments from SoftBank, GP Investments, and Mercado Libre, and as of November 2021, it recorded a corporate valuation of $2.1 billion (approximately 2.677 trillion KRW). Mercado Libre has a market capitalization approaching $59 billion.

Brazil has many WEMIX Play users and is the largest blockchain gaming market in Latin America. With Brazilian users now able to trade WEMIX more conveniently in their local currency, the WEMIX team expects a positive impact on the activation of blockchain games such as 'Mir4', 'MirM', and the WEMIX Play platform.