MoonPay Launches 'MoonPay Trade' On-Chain Trading Platform for Institutions

MoonPay, a global crypto payments infrastructure company, said Friday it has launched MoonPay Trade, an on-chain trading infrastructure platform for institutions and businesses.

MoonPay Trade provides access to more than 200 blockchains and protocols through a single API. Companies and financial institutions can use the platform for on-chain trade execution and settlement, asset conversion and payments without additional development work.

The company said the platform is designed to connect fragmented liquidity and trading infrastructure across the on-chain market through a single gateway. It also supports transactions in more than 120 fiat currencies.

Lee Boo-gun, MoonPay's Asia head, said infrastructure that connects assets to global on-chain markets and enables their distribution is crucial for South Korea's tokenization market to move to the next stage, alongside asset issuance.

He added that MoonPay Trade will provide a foundation for Korean financial institutions to participate in the global tokenization market by linking won-denominated stablecoins, tokenized funds and on-chain assets to more than 200 chains through a single API.