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    MoonPay Completes Acquisition of Israeli Crypto Security Firm Sodot for $100 Million
    Web3· World

    MoonPay Completes Acquisition of Israeli Crypto Security Firm Sodot for $100 Million

    MoonPay has finalized its acquisition of Israeli crypto security startup Sodot for approximately $100 million in an all-stock deal. This strategic move is driven by MoonPay's aim to enhance its offerings for financial institutions through the newly launched MoonPay Institutional division. The long-term implication is a strengthened position for MoonPay in the institutional crypto market, leveraging Sodot's advanced security technology amidst increasing regulatory clarity and institutional adoption.

    6 sources1d agoModerate