NYSE owner Intercontinental Exchange eyes investment on MoonPay
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Intercontinental Exchange is in talks to invest in MoonPay, a crypto payment company. This move marks the intercontinental exchange's continued expansion of digital assets.
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Intercontinental Exchange (ICE), the owner of the New York Stock Exchange, is considering investing in MoonPay, Bloomberg reported Thursday.
It is said that discussions are underway for a funding round that could value Moon Pay at around $5 billion, compared to an estimate of $3.4 billion in the last funding round in 2021.
MoonPay is a crypto payment infrastructure provider that allows users to buy and sell digital assets. The company recently received a special purpose trust charter from the New York Department of Financial Services, allowing the firm to offer a wide range of crypto services, including custody in New York.
Both the Trust Charter and the existing bitlicensing space, MoonPay, will develop comprehensive regulatory approvals to operate under New York's strict crypto regulatory framework among prominent entities such as Coinbase, PayPal and Ripple.
The report comes a day after it was confirmed that US Commodity Futures Trading Commission Acting Chairwoman Caroline Pham Moon has joined Payne as Chief Legal and Administrative Officer.
Intercontinental Exchange, which owns the Bakkt crypto platform, has expanded its presence in the digital asset space in recent years. The company recently announced a $2 billion investment in Polymarket.
