{"id":59403,"date":"2022-03-30T15:10:06","date_gmt":"2022-03-30T12:10:06","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=59403"},"modified":"2025-09-04T21:38:14","modified_gmt":"2025-09-04T18:38:14","slug":"blockchain-com-buys-otc-platform-altonomy-for-250-million","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/blockchain-com-buys-otc-platform-altonomy-for-250-million\/","title":{"rendered":"Blockchain.com buys OTC platform Altonomy for $250 million"},"content":{"rendered":"

The cryptocurrency exchange and wallet provider Blockchain.com has acquired the OTC platform Altonomy, which specialises in providing liquidity for altcoins. The Block reports.<\/p>\n

The deal was $250 million in cash and stock.<\/p>\n

Founded in 2018 in Singapore, Altonomy will allow Blockchain.com to expand its trading activity and footprint in Asia. Institutional clients will have a wider range of crypto assets.<\/p>\n

Altonomy’s 2021 turnover was $16 billion.<\/p>\n

Among other things, Blockchain.com declined to obtain a license from the FCA<\/span>. The regulator’s deadline for AML compliance approval expires on March 31. The company was previously included in the temporary register.<\/p>\n

A source familiar with the situation told The Block<\/a> that the company is considering Lithuania, the United States, and Ireland as jurisdictions for registering its business, and it also plans to obtain a licence in Germany. UK customers will be served by Blockchain (LT) UAB.<\/p>\n

Back in September 2021, the FCA announced tightening of regulatory measures<\/a> for the digital-asset industry.<\/p>\n

In March, the regulator reported<\/a> investigations into 50 crypto firms.<\/p>\n

Subscribe to ForkLog on YouTube<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"

The cryptocurrency exchange and wallet provider Blockchain.com has acquired the OTC platform Altonomy, which specialises in providing liquidity in altcoins. The Block reports.<\/p>\n","protected":false},"author":1,"featured_media":59404,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[20,996,1156],"class_list":["post-59403","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-altcoins","tag-blockchain-com","tag-institutional-investors-and-whales"],"aioseo_notices":[],"amp_enabled":true,"views":"56","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/59403","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=59403"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/59403\/revisions"}],"predecessor-version":[{"id":59405,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/59403\/revisions\/59405"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/59404"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=59403"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=59403"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=59403"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}