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Blockchain.com’s crypto OTC trading desk acquisition closed at $250 million: source

Last week, crypto exchange and wallet service Blockchain.com announced the acquisition of Altonomy’s over-the-counter trading desk. A source with knowledge of the process told The Block that the deal topped $250 million in a transaction involving both cash and stock. Such a deal exceeds the value of past acquisition deals in the crypto space, including FTX’s $150 million acquisition of Blockfolio and Coinbase’s reported acquisition of prime brokerage Tagomi, said to have weighed in at around $90 million. The deal …