xPortal, an AI-powered DeFi super-app, has acquired Berlin-based Web3 startup Alphalink to enhance its platform’s ability to simplify cryptocurrency and financial investing.
This move supports xPortal’s goal of expanding its ecosystem, which now has over 2.5 million users and a 4.8-star rating from 70,000+ reviews. Founded in 2023, xPortal started as a wallet for MultiversX blockchain (formerly Elrond) and quickly expanded to integrate Bitcoin, Ethereum, Solana, and Polygon.
The acquisition strengthens xPortal’s ability to merge AI and crypto. Alphalink is known for its mobile app that simplifies crypto experiences, aligning with xPortal’s mission to make financial tools more accessible. As part of its growth strategy, xPortal plans to raise capital in an oversubscribed funding round, expand into the U.S., and launch its native token. The platform also aims to offer new opportunities to its active users.
xPortal’s leadership now includes Marko Bradic, former CEO of Alphalink, and Mohit Tilwani, former CTO of Alphalink. Bradic, with experience scaling Trade Republic, brings fintech expertise to xPortal’s team. CEO Sergiu Biris, a serial entrepreneur who co-founded LiveRail, sees the acquisition as a significant step in integrating AI with crypto to create real-world utility.
With the Alphalink acquisition, xPortal strengthens its push towards DeFAI, making crypto more accessible with autonomous agents that simplify user tasks. The platform offers features like cross-chain trading, staking, Web3 dApp integration, and Mastercard payments, bridging the gap between crypto and real-world financial utilities. xPortal is poised to drive global crypto adoption with its innovative approach to combining AI and DeFi.
In another acquisition news, Backpack, founded by former Alameda Research and FTX employees, has acquired FTX EU, the European arm of the failed FTX exchange. Approved by the FTX bankruptcy court and CySEC, this move enables Backpack to expand its operations within the EU. CEO Armani Ferrante highlighted the importance of obtaining a MiFID II license, ensuring a secure and regulated trading environment. Backpack plans to relaunch its European services in Q1 2025, offering crypto derivatives like perpetual futures, with further updates on user onboarding and asset recovery soon.
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