Coinbase (NASDAQ:) and Brazilian firm 2TM, the guardian firm of Mercado , have reportedly scrapped talks across the crypto change buying the agency.

In keeping with a Tuesday Bloomberg report, 2TM and Coinbase have ended discussions across the United States-based crypto change shopping for the Brazilian firm, which was valued at greater than $2 billion. It’s unclear what led to the acquisition not going by, as 2TM reportedly declined to remark and a Coinbase spokesperson stated it was merely “dedicated to the Brazilian market.”