Blockchain.com, a leading cryptocurrency services provider, announced on Tuesday that it had acquired SeSocio, an Argentinean crypto company. The maneuver is part of Blockchain.com\u2019s expansion efforts across the Latin American region, according to the press release.<\/p>\n
With the acquisition, the crypto services provider looks forward to building new offices across the region and performing local hiring. Moreover, Blockchain.com will bring SeSocio\u2019s staff into its global headcount, raising it to 400. As of now, SeSocio has around 100 employees on its staff.<\/p>\n
\u201cLatin America presents one of the largest growth opportunities in crypto over the coming decade. Millions have already seen inflation at its worst, new currencies emerge out of thin air, and experienced political instability \u2013 creating a favorable environment for crypto. With the SeSocio team, we aim to provide every Latin American with access to a global crypto platform,\u201d Peter Smith, Blockchain.com CEO, commented.<\/p>\n
Also, Guido Quaranta, SeSocio co-founder and CEO, said the following: \u201cWe\u2019re extremely proud of what we\u2019ve been able to build in the Latin America market and the growth we\u2019ve seen as a business thus far. I am confident that SeSocio will thrive in this next chapter of our journey. Together with Blockchain.com, we will pioneer a new age of increased crypto accessibility in Latin America and beyond.\u201d<\/p>\n
Early this month, Blockchain.com announced the official launch of crypto trading services in the State of Georgia, United States. Over ten million Georgia residents can access the company\u2019s services, following the steps of other states in opening the doors to Blockchain.com like Michigan, Oklahoma, Iowa, North and South Dakota.<\/p>\n
Last year, the crypto services provider launched its services in Florida, Alaska, Delaware, Illinois, Oregon, New Hampshire, and New Mexico, with Blockchain.com being allowed to operate in 30 states following licensing approvals. The firm has high expectations about Georgia\u2019s adoption of its services, considering that users\u2019 sign-ups soared over 500% in the state.<\/p>\n