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Finance

Blockchain.com Acquires AI Firm to Expand Institutional Offering

London-based AiX is the developer of an AI chatbot for negotiating OTC trading.

By Jamie Crawley
AccessTimeIconMay 5, 2021 at 12:27 p.m. UTC
Updated May 9, 2023 at 3:18 a.m. UTC
Blockchain.com CEO Peter Smith
Blockchain.com CEO Peter Smith

Cryptocurrency exchange and wallet provider Blockchain.com has acquired Artificial Intelligence Exchange (AiX).

  • Terms have not been disclosed for the acquisition of the London-based developer of an artificial intelligence (AI) negotiating and matching engine for over-the-counter (OTC) trading.
  • The acquisition will help drive the rapid growth of Blockchain.com’s institutional offering, according to a blog post by Blockchain.com CEO Peter Smith on Wednesday.
  • AiX’s team boasts employees with experience at firms such as JPMorgan and Goldman Sachs, Smith added.
  • Blockchain.com raised $300 million in Series C funding led by partners of DST Global, Lightspeed Venture Partners and VY Capital in March, which valued the company at $5.2 billion.
  • That came only a month after a funding round led by Google Ventures valued the company at $3 billion.
  • These funding rounds were followed in April by a $100 million investment by Baillie Gifford, a 110-year old asset management firm with $445.3 billion in assets under management (AUM).
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    • See also: Coinbase to Acquire Institutional Data Analytics Platform Skew

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