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Blockchain.com acquires Latin American crypto investment platform SeSocio

Blockchain.com has acquired SeSocio, a crypto investment platform based in Argentina. While the actual purchase agreement has not been made public, sources familiar with the matter say the deal is in the hundreds of millions of dollars. The announcement stated that the deal marks the company’s largest acquisition to date and expands its ambitions in South America. SeSocio is reportedly one of the largest cryptocurrency businesses in Latin America offering crypto savings and asset management services. As part of the …

Crypto.com splashes $216 million to acquire two US-based derivatives platforms

Crypto.com has agreed to acquire two United States-based retail-focused derivatives exchange platforms from IG Group Holdings, according to an announcement issued on Wednesday. The deal is worth $216 million and will be paid for in cash.  The two platforms are North American Derivatives Exchange, Inc. (Nadex) and Small Exchange. According to the announcement, IG held a 39% stake in the latter prior to the sale. Nadex, based in Chicago, is a regulated derivatives exchange, offering markets like binary options, knock-outs, …