Blockchain.com buys Altonomy platform for $250 million

30.03.2022 16:01
by Artem Ustinov
1 min read

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.

Author

  • Crypto analyst and practitioner trader with the law and managerial education. Active investor and crypto enthusiast. Worked as an analyst and copywriter in a brokerage company. Accompanied by DAO and NFT projects of different levels of complexity.

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