MoonPay acquires AI trading startup Dawn Labs

Foresight News reported, according to Decrypt, that crypto payment company MoonPay has acquired AI trading startup Dawn Labs and launched its AI-native trading product Dawn CLI, which enables users to build and execute automated trading strategies using natural language descriptions. The product initially supports the prediction market platform Polymarket, with plans to expand to more trading venues and asset classes in the future. Dawn Labs founder Neeraj Prasad has been appointed Chief Engineer at MoonPay Labs.

MoonPay stated that Dawn CLI uses a non-custodial wallet architecture, allowing users to review strategy code before deployment and set strategy control parameters such as trading limits, market access scope, and position size.