Cryptocurrency wallet & exchange service Blockchain.com has announced the acquisition of SeSocio, an Argentinian cryptocurrency investment firm. The company said in a press release the deal will boost its presence across Latin America as Blockchain.com also plans to launch physical offices in Argentina, Brazil, Chile, Colombia, and Mexico in addition to SeSocio's 100 employees.
Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.
Peter Smith, Blockchain.com CEO, says that the Latin America region presents "one of the largest growth opportunities in crypto over the coming decade."
"Millions have already seen inflation at its worst, new currencies emerge out of thin air, and experienced political instability – creating a favorable environment for crypto," Smith added.
While the price of the deal remains unclear, Blockchain.com says this is the "largest acquisition to date." The move comes after Blockchain.com purchased AiX, a developer of an AI-powered matching engine for institutional OTC (over-the-counter) traders, in May this year.
Earlier this year, Macrina Kgil, Chief Financial Officer at Blockchain.com, revealed that the cryptocurrency platform surpassed over $1 trillion in cryptocurrencies transacted on it. Kgil also added that the platform handled almost a "third of all bitcoin network transactions since 2012." As of press time, the company has over 75 million of retail active wallets.
Access more than 50 of the world's financial markets directly from your EXANTE account – including NASDAQ, London Stock Exchange and Tokyo Stock Exchange.