Blockchain.com Acquires Crypto Investment Platform

Blockchain.com announced the acquisition of Sesocio, an investing platform established in Argentina, on November 30. The acquisition, according to the company, will give the company’s global workforce a total of 400 Blockchain.com personnel.

Blockchain.com raised $300 million at the end of March, bringing the company’s post-money valuation to $5.2 billion. Macrina Kgil, the CFO of Blockchain.com, talked about how the company had crossed $1 trillion in cryptocurrency transactions in August.

Kgil also disclosed that the company might go public in 18 months and that Blockchain.com had BTC and ETH on its balance sheet. On Tuesday, the crypto firm, which was formed in 2011 by Benjamin Reeves, Nicolas Cary, and Peter Smith, announced that it had acquired Sesocio, a Latin American crypto investing platform.

According to Blockchain.com, the technology has already made an impact in nations such as Brazil, Chile, Colombia, Mexico, and Argentina.

The team’s focus, according to the Luxembourg-based company’s release, will be on making crypto solutions easier and more accessible for the unbanked.