Cryptocurrency payment company MoonPay has announced plans to acquire private market investment platform North Capital in an all-stock deal valued at over $60 million. North Capital will become a wholly-owned subsidiary of MoonPay, pending regulatory approval. Headquartered in Salt Lake City, Utah, North Capital has a cumulative trading volume of approximately $9 billion in both primary and secondary markets, and its affiliated entities hold multiple qualifications, including SEC-registered broker-dealer, trading, transfer, and investment advisory.
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