Blockchain.com acquires Latin American crypto investment platform Sesocio – Finance

On November 30, crypto firm Blockchain.com announced that it had acquired Argentina-based investment platform Sesocio. According to the company, the acquisition will bring the company's global workforce to a total of 400 Blockchain.com employees worldwide.

Blockchain.com's global headcount grows to 400 after acquiring crypto investment platform Sesocio

end of March, Blockchain.com Raised $300 million and swelled the company's post valuation to $5.2 billion. In August, Blockchain.com CFO Macrina Kgil discussed how the company surpassed $1 trillion in cryptocurrency transactions. Kgil further revealed that the company could go public in 18 months, while also revealing that Blockchain.com has been held BTC and ETH on its balance sheet. The crypto company founded in 2011 by Benjamin Reeves, Nicolas Cary and Peter Smith detailed on Tuesday that the company has acquired the Latin American crypto investment platform Sesocio.

Blockchain.com explained that it has already made its mark in countries such as Brazil, Chile, Colombia, Mexico and Argentina. Similar to the last Coinbase notice, a detailed description of the acquisition of Unbound Security would result in a presence in Israel, Blockchain.com notes that there will be a "physical presence" in the Latin American countries "through the opening of offices and local hiring." The Luxembourg-based company's announcement notes that the team's focus will be on making cryptocurrency solutions easier and more accessible to the unbanked.

“Latin America represents one of the greatest growth opportunities for cryptocurrencies in the coming decade,” Peter Smith, CEO of Blockchain.com, said in a statement. "Millions have already experienced the worst of inflation, new currencies appearing out of nowhere and experiencing political instability - creating a favorable environment for crypto. With the Sesocio team, we want to give every Latin American access to a global crypto platform," Smith added.

The acquisition of Blockchain.com follows the company's deal with Bitcoin mining company Griid Infrastructure. Grid told the press On November 23, it secured a $525 million credit facility from Blockchain.com. In addition, Blockchain.com also acquired consumer startup Storm Inc., investment firm Magic Carpet and artificial intelligence (AI) company Aix this year.

“We are very proud of what we have been able to build in the Latin American market and the growth we have seen so far as a company,” said Guido Quaranta, co-founder and CEO of Sesocio. "I am confident that Sesocio will thrive in this next chapter of our journey. Together with Blockchain.com, we will usher in a new era of increased crypto accessibility in Latin America and beyond."

What do you think about Blockchain.com's acquisition of Latin American crypto company Sesocio? Let us know your thoughts on this topic in the comments below.

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