Blockchain.com buys Altonomy platform for $250 million
Cryptocurrency exchange and wallet provider Blockchain.com has acquired Altonomy, an OTC platform that specializes in providing liquidity in altcoins. The deal amounted to $250 million in shares and fiat.
Representatives of the crypto platform note that the deal will allow Blockchain.com to expand its trading activities and presence in Asia. Institutional clients will have a greater choice of crypto assets. Altonomy’s 2021 turnover was $16 billion.