Crypto Trading Platform Fomo Acquires Mobula as Daily Volume Nears $250M
Crypto trading platform Fomo has acquired the technology and team of Mobula, marking a significant expansion of its spot trading business. The $17 million deal follows Fomo's $75 million Series B funding, as the platform prepares to surpass 2 million users and daily spot trading volumes nearing $250 million. Mobula's on-chain data infrastructure and indexing layer will strengthen Fomo's ability to handle increasing market data and transaction volumes without sacrificing speed or reliability.
The acquisition also comes as Fomo expands its product offerings, including Web trading, perpetuals, and social trading features.
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