MoonPay buys Dawn Labs, unveils AI trading copilot

MoonPay announced Monday it acquired the applied research team behind Dawn Labs and folded the product into MoonPay Labs, launching Dawn CLI. The tool translates plain-English trading prompts into executable strategy code and can run trades automatically.

Dawn CLI will initially support Polymarket, a prediction market where users bet on elections, sports, economic indicators and geopolitical events. MoonPay said prediction markets are a fast-growing segment and that early traders in the space often lack advanced tools. Neeraj Prasad, founder of Dawn Labs and now chief engineer of MoonPay Labs, described Dawn as a single interface that removes the need for separate developer, quant and portfolio manager roles: ‘You describe what you want in plain English, and the system handles the code and execution.’

MoonPay plans to expand Dawn CLI to additional trading venues and asset types in the coming months. The company has also released an open wallet standard for AI agents, launched a virtual debit card called the MoonAgents Card that lets autonomous models pay merchants with stablecoins by converting to fiat at checkout, and acquired crypto key management firm Sodot.

Autonomous trading agents bring risks such as hallucinated strategies, unintended trades and execution failures when AI controls capital. MoonPay built safeguards into Dawn CLI: non-custodial wallets created locally through the Open Wallet Standard, reviewable strategy code before deployment, and policy controls that cap trade size, limit which markets an agent can access and set position-sizing rules.

Ivan Soto-Wright, MoonPay’s CEO, stated the Dawn Labs team made complex parts of active trading accessible to users and that Dawn enables AI agents to develop and execute trading strategies autonomously.