{"id":14904,"date":"2021-12-02T07:54:03","date_gmt":"2021-12-02T07:54:03","guid":{"rendered":"https:\/\/www.buyucoin.com\/crypto-labs\/blockchain-com-acquires-latin-american-crypto-investment-platform-sesocio\/"},"modified":"2021-12-02T07:54:03","modified_gmt":"2021-12-02T07:54:03","slug":"blockchain-com-acquires-latin-american-crypto-investment-platform-sesocio","status":"publish","type":"post","link":"https:\/\/www.buyucoin.com\/crypto-labs\/blockchain-com-acquires-latin-american-crypto-investment-platform-sesocio\/","title":{"rendered":"Blockchain.com Acquires Latin American Crypto Investment Platform Sesocio"},"content":{"rendered":"

On November 30, the crypto firm Blockchain.com announced it acquired the Argentina-based investment platform Sesocio. According to the firm, the acquisition will give the company\u2019s global workforce an aggregate headcount of 400 Blockchain.com employees worldwide.<\/strong><\/p>\n

Blockchain.com\u2019s Global Headcount Grows to 400 After Acquiring the Crypto Investment Platform Sesocio<\/h2>\n

At the end of March, Blockchain.com<\/a> raised $300 million and the firm\u2019s post valuation swelled to $5.2 billion. In August, Blockchain.com\u2019s CFO Macrina Kgil discussed<\/a> how the company has surpassed $1 trillion in cryptocurrency transactions. Kgil further revealed the firm may go public in 18 months while disclosing that Blockchain.com held BTC<\/a> and ETH<\/a> on its balance sheet. The crypto firm, founded in 2011 by Benjamin Reeves, Nicolas Cary, and Peter Smith, detailed<\/a> on Tuesday that the company has acquired the Latin American crypto investment platform Sesocio<\/a>.<\/p>\n

Blockchain.com explained that it has already made a mark in countries like Brazil, Chile, Colombia, Mexico, and Argentina. Similar to the recent Coinbase announcement<\/a>, detailing the acquisition of Unbound Security would lead to a presence in Israel, Blockchain.com notes there will be a \u201cphysical presence\u201d in the Latin American countries, \u201cby opening offices and local hiring.\u201d The Luxembourg-based company\u2019s announcement notes that the team\u2019s focus will be toward making cryptocurrency solutions easier and more accessible for the unbanked.<\/p>\n

\u201cLatin America presents one of the largest growth opportunities in crypto over the coming decade,\u201d Peter Smith, Blockchain.com\u2019s CEO said in a statement. \u201cMillions have already seen inflation at its worst, new currencies emerge out of thin air, and experienced political instability \u2013 creating a favorable environment for crypto. With the Sesocio team, we aim to provide every Latin American with access to a global crypto platform,\u201d Smith added.<\/p>\n

Blockchain.com\u2019s acquisition follows the firm\u2019s deal with the bitcoin mining firm Griid Infrastructure. Griid told the press<\/a> 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.<\/p>\n

\u201cWe\u2019re extremely proud of what we\u2019ve been able to build in the Latin America market and the growth we\u2019ve seen as a business thus far,\u201d Guido Quaranta, Sesocio\u2019s co-founder and CEO said. \u201cI am confident that Sesocio will thrive in this next chapter of our journey. Together with Blockchain.com, we will pioneer a new age of increased crypto accessibility in Latin America and beyond.\u201d<\/p>\n

What do you think about the Blockchain.com acquisition of the Latin American crypto firm Sesocio? Let us know what you think about this subject in the comments section below. <\/strong><\/em><\/p>\n

Bitcoin News
\nFinance, 400 employees, AI firm, Aix, Argentina, argentina crypto, Artificial Intelligence, Benjamin Reeves, Blockchain.com, Guido Quaranta, headcount, Latin America, latin american, Latin American Presence, Luxembourg company, Macrina Kgil, Magic Carpet, nicolas cary, Peter Smith, Sesocio, Storm Inc.<\/p>\n","protected":false},"excerpt":{"rendered":"

On November 30, the crypto firm Blockchain.com announced it acquired the Argentina-based investment platform Sesocio. According to the firm, the acquisition will give the company\u2019s global workforce an aggregate headcount of 400 Blockchain.com employees worldwide. Blockchain.com\u2019s Global Headcount Grows to 400 After Acquiring the Crypto Investment Platform Sesocio At the end of March, Blockchain.com raised…<\/p>\n","protected":false},"author":0,"featured_media":14905,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[53,3],"tags":[],"class_list":["post-14904","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-news","category-coin-news"],"_links":{"self":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/14904"}],"collection":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/comments?post=14904"}],"version-history":[{"count":0,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/14904\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media\/14905"}],"wp:attachment":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media?parent=14904"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/categories?post=14904"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/tags?post=14904"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}