Zhibao Technology to Acquire Crypto Trading Platform MeVX
Zhibao Technology (NASDAQ: ZBAO) is set to acquire MeVX, a non-custodial multi-chain trading terminal with approximately two million users and $8 million in sticky deposits. The platform supports major blockchains including Solana, Ethereum, BNB Chain, and Base, and has established Vietnamese-language operations as part of its strategy for expansion into Southeast Asia. The acquisition is expected to be finalized within the next 12 months through a definitive agreement. However, Zhibao's stock price dropped about 4% during pre-market trading on Wednesday following news of the deal.
Topics: acquisition crypto trading platform MeVX Zhibao Technology