MoonPay Acquires Onchain Trading Platform Rhythm
- —Rhythm is the first graduate of the MoonPay Labs accelerator, launched in April 2025
- —This is MoonPay's eighth acquisition in two years, following Glide, Helio and others
- —Rhythm's co-founders previously built DeFi software with over $7 million in turnover
- —In December 2025, NYSE owner ICE held talks to invest in MoonPay at a valuation of about $5 billion
Why it matters: MoonPay is expanding from on-ramps into trading infrastructure, intensifying competition among consumer crypto apps.
Source: Blockhead