Magic Eden Acquires Crypto Trading App Slingshot
April 9, 2025
NFT marketplace Magic Eden has acquired Slingshot, a mobile-first crypto trading platform that supports cross-chain trading. Terms were not disclosed; Slingshot received a mix of equity and Magic Eden's token $ME, and will operate independently with CEO Clinton Bembry reporting into Magic Eden's product leadership as the company expands beyond NFTs into broader crypto trading services.
- Buyers
- Magic Eden
- Targets
- Slingshot
- Industry
- Payments & Fintech
- Location
- California, United States
- Transaction Type
- Buyout
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