We're excited to announce the launch of MoonPay Trade, a technology platform that lets any application, financial institution, or enterprise access digital assets and move value across 200+ blockchains and protocols through a single API.
Onchain liquidity is fragmented across hundreds of chains, venues, and protocols. Building direct connectivity to all of it is a massive engineering undertaking. MoonPay Trade collapses that complexity into one integration that handles onchain transaction execution, settlement, conversion, and payments in over 120 fiat currencies.
MoonPay Trade is powered by the technology and team from Decent.xyz, the Y Combinator backed cross chain routing company acquired by MoonPay. Decent brings proprietary routing algorithms and bridge infrastructure that delivers optimized execution across 200+ chains and millions of assets.
Through a single integration, the platform provides cross chain routing and execution, native collateral movement across permissioned and permissionless networks, and fiat to onchain conversion and settlement. All onchain execution is supported by MoonPay's regulatory, KYC/AML, and reporting infrastructure.
MoonPay Trade will serve as the execution layer for MoonPay Institutional, the company's business unit for regulated financial services firms. Where MoonPay once handled the entry and exit points, MoonPay Trade now powers everything in between.
"Institutions are tokenizing funds, moving collateral across chains, and settling in dozens of currencies," said Ivan Soto-Wright, Co-Founder and CEO of MoonPay. "The market is here. MoonPay Trade brings all of that together in one platform for any institution, enterprise, or application."
MoonPay Trade is live today. To learn more, visit https://www.moonpay.com/business/trade