Cryptocurrency News

Blockchain.com Acquires AiX Exchange – Official.

Cryptocurrency exchange and wallet provider Blockchain.com has acquired AI Exchange [AiX].

Terms haven’t been disclosed for the acquisition of the London-based developer of an AI [Article intelligence] negotiating and matching engine for OTC [Over-the-Counter] trading.

The acquisition will help drive the rapid climb of Blockchain.com’s institutional offering, consistent with a blog post by Blockchain.com CEO Peter Smith earlier today on Wednesday.

AiX’s team boasts employees with experience at firms like JPMorgan and Goldman Sachs, Smith added.

Blockchain.com raised $300 Mln Series C funding led by DST Global, Lightspeed Venture Partners, and VY Capital in March, which valued the corporate at $5.2 Bln.

That came only a month after a funding round led by Google Ventures valued the corporate at $3 Bln.

These funding rounds were followed in April by a $100 Mln investment by Baillie Gifford, a 110-year old asset management firm with $445.3 Bln in AUM [Assets Under Management].

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