Blockchain.com, one of the world’s oldest crypto firms, has purchased SeSocio, an Argentine crypto startup. On Tuesday, both parties revealed it on their separate blogs. According to the release, this is Blockchain.com’s “biggest purchase to date,” however, no dollar value was given.
Blockchain.com intends to accelerate its expansion and encourage crypto acceptance in the area by acquiring one of the top bitcoin firms in Latin America.
Blockchain.com, founded in 2011 as a blockchain data source, has acquired four acquisitions to date. According to its Crunchbase page, it has raised around $490 million in various fundraising rounds. The crypto firm has processed over $1 trillion in cryptocurrency transactions and has about 37 million verified users in over 200 countries.
Blockchain.com provides cryptocurrency services in Argentina, Brazil, Chile, Colombia, and Mexico. However, this purchase intends to expand on SeSocio’s current network to accelerate growth and make crypto more accessible.
“Latin America represents one of the most significant growth prospects in crypto over the next decade,” stated Blockchain.com CEO Peter Smith. “Millions have already witnessed the worst of inflation, new currencies arise from thin air, and political instability — creating a perfect scenario for crypto.” With the SeSocio team, we hope to give access to a worldwide crypto platform to every Latin American.”
SeSocio’s 100 workers will join Blockchain.com as part of the agreement. This expansion brings Blockchain.com’s worldwide staff to 400 people.
SeSocio is a unique financial platform that lets users trade over 45 cryptocurrencies. Over the course of many investment rounds, the firm raised more than $11 million. Guido Quaranta and Gastón Krasny started it in 2017.
“We’re incredibly happy of what we’ve been able to develop in the Latin America market and the progress we’ve witnessed as a company so far,” Quaranta added. “I am optimistic that SeSocio will flourish in the next chapter of our journey.” We will usher in a new era of expanded crypto accessibility throughout Latin America and beyond in collaboration with Blockchain.com.”
Blockchain.com’s newest worldwide growth step is the acquisition of SeSocio. Earlier this year, the business purchased AiX, a machine learning investment firm, and Storm Inc., a consumer startup.
In addition, the crypto firm is increasing crypto access across the United States. It has begun offering its services in a number of US states. Georgia was added to the list last month.
