NYSE Owner Reportedly in Talks to Invest in Crypto Platform MoonPay
Intercontinental Exchange is negotiating to join MoonPay’s funding round, targeting a $5 billion valuation, marking a potential significant expansion into the crypto payments space.
Summary
Intercontinental Exchange (ICE), parent of the New York Stock Exchange, is in discussions to participate in MoonPay’s latest funding round, which aims for a $5 billion valuation. The crypto payments company, founded in 2019, last raised at a $3.4 billion valuation in late 2021. If completed, the investment would deepen ICE’s involvement in the cryptocurrency payments sector.
Terms & Concepts
- MoonPay: A cryptocurrency payment platform that enables users to buy and sell digital assets using traditional payment methods.
- Intercontinental Exchange (ICE): The parent company of the New York Stock Exchange, operating global exchanges, clearing houses, and providing market data services.
- Cryptocurrency payments provider: A business facilitating transactions in digital currencies between consumers and merchants.