Fomo Crypto Trading Platform Acquires Mobula to In-House Critical Infrastructure
Fomo, a crypto trading platform, has acquired Mobula's technology and team to bring infrastructure in-house as it scales spot trading.
Why it matters
The deal signals a trend toward vertically integrated crypto platforms, with Fomo seeking to control more of its technology stack as trading volumes grow. If daily volume continues at the reported pace, the platform would process roughly $7.5 billion in spot volume over a 30-day period, which would place it among notable spot trading venues.
Key facts
Fomo announced the acquisition of Mobula's technology and team.
Reported by CoinGape
Fomo is approaching 2 million users.
2,000,000Reported by CoinGape
At the reported daily volume, the platform would be on pace for roughly $7.5 billion in spot volume over a 30-day period.
7,500,000,000 USDReported by CoinGape
Mobula founder Sacha Marcus joined Fomo following the acquisition.
Reported by CoinGape
Sacha Delhoux joined Fomo following the acquisition.
Reported by CoinGape
Fomo was founded by dydx executives.
Reported by CoinGape
What happened
Fomo, a crypto trading platform founded by dydx executives, announced via LinkedIn that it has acquired Mobula's technology and team. The deal brings Mobula founder Sacha Marcus and co-founder Sacha Delhoux onto the Fomo staff. Fomo said the acquisition allows it to own and improve critical infrastructure as it scales, rather than relying entirely on external providers. The platform is approaching two million users with daily spot trading volume nearing $250 million, according to the outlet's reporting. The acquisition is part of Fomo's effort to handle larger volumes of market data and transactions without compromising speed or reliability as user growth continues.
How the story developed
- First report
First report by CoinGape
Crypto Trading Platform Fomo Acquires Mobula as Daily Volume Nears $250M
- Update
Fomo announces Mobula acquisition via LinkedIn post
The platform said the deal allows it to own and improve critical infrastructure as it scales its spot trading business.
Affected entities
Original sources
| Publisher | Report | Role | Published |
|---|---|---|---|
| CoinGape Crypto media | Crypto Trading Platform Fomo Acquires Mobula as Daily Volume Nears $250M | Original |
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