MoonPay Acquires Rhythm to Expand Into Onchain Trading
Article excerpt
MoonPay is expanding deeper into onchain trading with the acquisition of Rhythm, a platform built to help traders find opportunities, execute transactions and manage risk across fast-moving crypto markets. The deal brings Rhythm's technology and its three co-founders, Joseph Murphy, James Miller and Lincoln Barnett III, into MoonPay. The acquisition also closes a loop that began last year. Rhythm was the first company backed by MoonPay Labs in 2025, giving MoonPay an early look at the platform before ultimately deciding to bring the team and technology in-house. For MoonPay, the deal adds another piece to a business that has expanded well beyond its original role helping users buy and sell crypto with fiat. The company now operates across payments, trading, stablecoins and onchain infrastructure, serving more than 30 million customers in 180 countries and over 1,500 enterprise clients. Loading tweet... 1 Pick a token to buy 2 Set your discount You pay You get (if filled) 3 Place your fate order 4 Revealing fate You bought $100 of USDC for $50 1 Set your premium You stake You get (if filled) 2 Place your fate order 3 Revealing fate You sold $100 of USDC for $200 Rhythm was built around a persistent problem in onchain markets: traders often need multiple tools to discover assets, analyze opportunities, execute trades and manage risk. The platform combines those functions...
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Earlier this month, the company also expanded PayBox , its payment vault built for AI, by integrating Solana lending protocol Kamino.
