In a notable series of announcements, MoonPay has formed multiple partnerships within a short span, highlighting its commitment to enhancing fiat-to-crypto onramps for users. Among the key developments, MoonPay has partnered with Arkham Exchange and Zengo Pro, followed by another collaboration with Haha Wallet, all of which were revealed in just 24 hours.
The partnership with Arkham Exchange integrates MoonPay’s fiat-to-crypto services directly into the exchange. This collaboration allows KYC-verified users to easily deposit funds through various payment methods, including credit and debit cards, bank transfers, Apple Pay, and Google Pay. This development aims to simplify the process of trading and converting fiat currencies into cryptocurrencies on the Arkham platform, which officially launched in November 2024 with substantial funding of $12 million from notable investors, including OpenAI co-founder Sam Altman.
According to a recent press release, the integration with MoonPay is already live and available to all qualified users. Arkham Exchange highlighted this partnership on social media, announcing the enhanced capabilities for users looking to trade more efficiently.
In a broader context, MoonPay has been quite active, having also announced an exclusive partnership with Zengo Pro. This agreement provides similar onramp and offramp services for Zengo’s self-custodial cryptocurrency wallet, promising users benefits like reduced fees and improved functionalities.
Simultaneously, MoonPay is gearing up to work with Haha Wallet just ahead of the Monad Mainnet launch scheduled for Nov. 24, which will facilitate onramp and offramp services for users across more than 100 countries. This collaboration underscores MoonPay’s strategy to expand its presence and capabilities within the cryptocurrency ecosystem.
The backdrop to these announcements is the current volatility within the cryptocurrency market. As of the latest data, Bitcoin is trading at approximately $85,094, having hit notable lows recently. Despite a market downturn that has left some investors apprehensive, strategic partnerships like the one between Arkham and MoonPay demonstrate resilience and adaptability in a challenging environment. Arkham Exchange itself reported a total asset value of over $30 million, indicating a stable foundation even amid fluctuating market conditions.
These developments illustrate a proactive approach within the cryptocurrency sector, where companies are finding opportunities to strengthen their operations and streamline services for users, even in times of significant market uncertainty.
