Tokenize Xchange’s Development Arm Buys Blockchain Intelligence Firm Coinseeker for $30M

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Tokenize Xchange’s $30M Purchase: Is Coinseeker the Next Big Thing or Just Another Fad? 🤔💸

What to know:

  • The development arm of Tokenize Xchange has acquired blockchain intelligence platform Coinseeker at a valuation of $30 million. Yes, you read that right—$30 million! That’s a lot of dough for a company that sounds like it should be selling cookies.
  • Titan Lab plans to incorporate Coinseeker’s AI-powered analytics, ratings, and other insights into its operations. Because who doesn’t want a robot telling them how to invest their money?
  • Singapore-based Tokenize is a digital asset exchange serving retail and institutional clients with a 24-hour trading volume of just over $250 million. That’s more than my entire life savings—combined!

The development arm of Tokenize Xchange has acquired blockchain intelligence platform Coinseeker in a deal valued at $30 million. One can only assume they were feeling particularly generous—or perhaps just a tad reckless.

Titan Lab, the developer of Titan Chain, on which Tokenize runs, plans to incorporate Coinseeker’s AI-powered analytics, ratings, and other insights into its operations, according to an emailed announcement on Tuesday. Because nothing says “trust us” like a machine doing the thinking for you.

Singapore-based Tokenize is a digital asset exchange serving retail and institutional clients with a 24-hour trading volume of just over $250 million, according to CoinGecko. That’s a staggering amount of money, especially when you consider how many avocado toasts that could buy.

Tokenize’s native token TKX is trading around 8.2% lower in the last 24 hours at $30.16, CoinDesk data show, underperforming the broader market, which has fallen just over 6%, as measured by the CoinDesk 20 Index (CD20). So, if you were hoping for a miracle, it seems you’ll have to wait a little longer.

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2025-01-21 14:02