Fomo Acquires Mobula Technology and Team in $17M Deal

CoinGape Media posted that Fomo acquired Mobulaio's technology, intellectual property, and team. The crypto outlet described the transaction as a reported seventeen million dollar deal. It said the purchase brings onchain data and engineering expertise into Fomo's trading platform. The post noted Fomo already has nearly two million users and handles daily spot trading volume. CoinGape framed the acquisition within a trend of platforms bringing core infrastructure in-house as they scale.