In accordance with BitcoinWorld, Paxos has acquired Fordefi for over $100 million, aiming to enhance its DeFi wallet offerings. Fordefi, which serves around 300 clients with a team of 40, brings expertise in decentralized finance wallet solutions. The acquisition is expected to improve security, user experience, and DeFi integration for Paxos clients. The deal highlights growing consolidation in the crypto sector and may set a precedent for similar strategic moves.
Paxos Acquires Fordefi in $100M Deal to Boost DeFi Wallet Services
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