MoonPay is targeting an $8.7 billion trading venue through a proposed acquisition that includes PPEX, an existing private-securities platform, according to CryptoSlate. The transaction has not yet transferred ownership, as it remains subject to regulatory approvals and other closing conditions. Details about the venue’s planned features have not been disclosed. The proposed deal places MoonPay in focus within the private-securities market, but the available information does not establish how the platform may operate or what services it could offer after closing. Crypto market participants tracking related assets should note that the transaction is still pending and that no additional operating details were provided in the source material.
Source
CryptoSlate
Written by Moneyiar based on reporting from the cited source and Moneyiar market data.
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