MoonPay has announced the launch of MoonPay Trade, an innovative on-chain trading infrastructure platform tailored for institutions and businesses. This platform aims to streamline various processes involved in cryptocurrency and blockchain transactions.
MoonPay Trade provides a comprehensive suite of functionalities, including on-chain trading, settlement, asset conversion, and payment services accessible through a single API. Remarkably, the platform connects to over 200 different blockchains and protocols, enabling seamless operations for companies and financial institutions. Users can execute trades, settle transactions, convert assets, and handle payments without the need for extensive additional development work.
The company highlighted that this infrastructure aims to address and connect the fragmented liquidity and trading markets within the blockchain ecosystem via a unified gateway. MoonPay Trade also facilitates transactions in more than 120 fiat currencies, enhancing its versatility and usability across diverse financial landscapes.
Lee Boo-gun, the head of MoonPay Asia, emphasized the importance of creating a robust infrastructure to link assets with global on-chain markets. He pointed out that this is crucial for advancing South Korea’s tokenization market, not only for asset issuance but also for broader participation in the global financial ecosystem. According to Lee, MoonPay Trade is poised to serve as a foundational tool for Korean financial institutions, facilitating their involvement in the growing global tokenization market by integrating won-denominated stablecoins, tokenized funds, and other on-chain assets across numerous blockchain networks through a single API.
