Blockchain.com expands into Latin America and acquires crypto company SeSocio
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Answer Blockchain.com expands into Latin America and acquires crypto company SeSocio
Blockchain.com, a leading provider of cryptocurrency services, announced Tuesday that it has acquired SeSocio, an Argentine crypto company.
The latest gambit is part of Blockchain.com’s expansion efforts across the Latin American region, according to for press release.
With the new acquisition, the crypto service provider is looking to build new offices across the region and recruit expertise locally.
Blockchain.com will bring SeSocio employees to its global workforce, which it has raised to 400.
Currently, SeSocio has about 100 employees on its staff.
Peter Smith, CEO of Blockchain.com commented:
Latin America offers one of the biggest growth opportunities for crypto over the next decade.Read:Twitter founder: “Block” achieved 47% profit in the fourth quarter of 2021
The region has already experienced inflation at its worst, new currencies have emerged out of thin air, and political instability has created a favorable environment for cryptocurrencies.
With the SeSocio team, we aim to provide all of Latin America with access to a global crypto platform.
Guido Quaranta, Co-Founder and CEO of SeSocio commented:
We are very proud of what we have been able to build in the Latin American market and the growth we have seen as a trading company thus far. I am confident SeSocio will thrive in this next chapter of our journey.
Together with Blockchain.com, we will launch a new era of increasing crypto access in Latin America and beyond.
Expansion towards Georgia also:
Earlier in November, Blockchain.com announced the official launch of cryptocurrency trading services in Georgia, USA.
More than ten million Georgia residents can access the company’s services, following in the footsteps of other states in opening doors to “Blockchain.com” such as Michigan, Oklahoma, Iowa, North and South Dakota.
Last year, Blockchain.com launched its services in Florida, Alaska, Delaware, Illinois, Oregon, New Hampshire and New Mexico with operations allowed in 30 states following licensing approvals.Read:Bitcoin Enters Fourth Wave of Adoption According to Analyst
The company has high expectations for Georgia’s adoption of its services, considering that user subscriptions are up more than 500% in the state.
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