Mercado Bitcoin to take on clients of shuttered exchange Bitybank
- —Bitybank is closing ahead of Brazil's central bank crypto rules taking effect
- —Bitybank has 850,000 users and more than R$1 billion in assets under custody
- —Clients can withdraw, sell or migrate assets until November 25
- —Mercado Bitcoin previously absorbed clients from Bitso and Coinext
Why it matters: Consolidation in Brazil's crypto market is accelerating under new central bank rules, strengthening large licensed platforms.
Source: Livecoins
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