NFT marketplace Magic Eden has acquired Slingshot, a cross-chain trading app that allows users to buy any token on any blockchain using a single, universal USDC balance.
The acquisition aims to eliminate the complexity of on-chain trading, where users typically manage multiple wallets, gas tokens, and bridges. Slingshot’s technology abstracts these hurdles, offering a bridgeless, non-custodial trading experience with support for spot and limit orders.
“This is a major step in realizing our vision of seamless, secure crypto access across all chains,” said Jack Lu, CEO of Magic Eden.
Together, the two companies plan to introduce easier onramps via Apple Pay and credit cards, AI-powered token discovery, and expanded universal balance options.
“We’re raising the bar for decentralized trading,” said Clinton Bembry, Slingshot’s CEO. “This partnership makes crypto more accessible to everyone.”
The acquisition reinforces Magic Eden’s strategy to compete with centralized exchanges by making decentralized trading as simple as possible.
