Trading platform Fomo has acquired proprietary software and intellectual property from Mobula Technology, an on-chain data aggregator and infrastructure firm. The deal, announced today, transfers key technology assets to Fomo as it expands its mission to democratize access to blockchain-based trading markets. Fomo positions itself as a simplified gateway for retail and institutional participants looking to trade on-chain assets without navigating complex infrastructure barriers.
The acquisition gives Fomo enhanced data aggregation capabilities and technical infrastructure previously developed by Mobula, potentially accelerating product development and market coverage. Traders using Fomo’s platform may see improved data feeds and expanded market access as the acquired technology gets integrated. The move signals growing consolidation in the crypto infrastructure space as platforms race to offer comprehensive trading solutions amid increasing institutional adoption of digital assets.
FXnCO Insight
Platforms consolidating on-chain data infrastructure are positioning for competitive advantage as institutional demand for seamless crypto market access intensifies in 2025.
Source: Finextra