Announced
Completed
Financials
Sources
Tags
Digital Services
Acquisition
software analytics
Completed
Cross Border
Friendly
data analytics
Private
Majority
Single Bidder
United Kingdom
Synopsis
Blockchain.com, a cryptocurrency financial services company, completed the acquisition of Magic Carpet, a UK-based company that uses AI to calculate investment strategies. Financial terms were not disclosed. Magic Carpet’s eight London-based quant traders and data scientists have developed a set of proprietary algorithms to trade crypto at scale. With extensive experience across deep and reinforcement learning, the team has excelled at optimising portfolio data for novel pattern discovery.
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