MoonPay has acquired Dawn Labs, the cryptocurrency payments company announced Wednesday. The deal is designed to strengthen MoonPay's capabilities in automated trading powered by artificial intelligence.
What the deal brings
Dawn Labs is a startup focused on building AI-driven trading systems. MoonPay said the acquisition will allow it to integrate those tools directly into its platform, giving users more sophisticated ways to execute crypto trades. Financial terms were not disclosed.
The move comes as crypto trading platforms race to add automated strategies that can react to market moves faster than a human can. MoonPay, best known for letting people buy crypto with credit cards, has been expanding deeper into trading services. Adding Dawn Labs' technology lets the company offer algo-trading features without building them from scratch.
MoonPay expects to roll out the new AI trading capabilities later this year. The company has not said whether the features will be available to all users or limited to certain account tiers.
