Blockchain.com raised $300 million and the firm’s post valuation swelled to $5.2 billion. The company has surpassed $1 trillion in cryptocurrency transactions, and it was revealed that the firm may go public in 18 months while disclosing that Blockchain.com held BTC and ETH on its balance sheet. The crypto firm, 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’s Global Headcount Grows to 400 After Acquiring the Crypto Investment Platform Sesocio. Latin America 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.
Blockchain.com explained that it has already made a mark in countries like Brazil, Chile, Colombia, Mexico, and Argentina. Like the recent Coinbase announcement, detailing the acquisition of Unbound Security would lead to a presence in Israel, Blockchain.com notes there will be a “physical presence” in the Latin American countries, “by opening offices and local hiring.” The Luxembourg-based company’s announcement notes that the team’s focus will be toward making cryptocurrency solutions easier and more accessible for the unbanked. Blockchain.com’s acquisition follows the firm’s deal with the bitcoin mining firm Griid Infrastructure. Griid told the press on November 23 it secured a $525 million credit facility from Blockchain.com. Further, Blockchain.com acquired the consumer startup Storm Inc., the investment firm Magic Carpet, and artificial intelligence (AI) firm Aix this year as well.