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.