We are very pleased to share that FinTech Collective portfolio company TradeBlock has been acquired by CoinDesk. Currently, more than $20b of investment products use TradeBlock indexes, and billions of dollars in monthly trading volume is quoted against them. With this acquisition, CoinDesk (which is owned by Digital Currency Group) is positioned to be the leading source of crypto news, information and data for the financial industry.
“The pace of that enormous transformation and the movement toward mass adoption is happening more quickly than most people recognize. It’s fueled by household-name companies, mainstream users in the developing world and, most recently, by deep-pocketed institutional investors. Adoption of crypto assets such as bitcoin by investors will accelerate in 2021.” Kevin Worth, CoinDesk CEO