Blockchain.com, a cryptocurrency wallet and an exchange, has announced the acquisition of AiX, a developer of an AI-powered matching engine for institutional OTC (over-the-counter) traders. AiX CEO, Jos Evans, spent 15 year trading in derivatives markets, said in an announcement Peter Smith, Blockchain.com CEO.
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The acquisition comes after Blockchain.com closed Series C last month. The company said back then it would "aggressively expand" its products and customer base.
"Given that our Institutional Markets businesses are rapidly growing, it is fitting that AiX join us to accelerate development of products and solutions for Institutions," Smith added.
As iHodl reported earlier, Baillie Gifford, an investment management firm, back the cryptocurrency-focused company with $100 million. The Blockchain CEO said that the Edinburgh-based fund manager not only participated in a recent $300M Series C funding, but also made the largest single investment in Blockchain.com to date.
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