Bitcoin Giant ICE Targets MoonPay Investment

Intercontinental Exchange Eyes Investment in MoonPay

• Intercontinental Exchange (ICE) is in talks to invest in MoonPay, a crypto payments company.
• The potential investment could value MoonPay at approximately $5 billion, up from $3.4 billion in its last funding round.
• MoonPay recently obtained a Limited Purpose Trust Charter from the New York Department of Financial Services, allowing expanded crypto services.
• Caroline Pham, acting chair of the US Commodity Futures Trading Commission, will join MoonPay as chief legal and administrative officer.
• ICE, which owns the New York Stock Exchange and the Bakkt crypto platform, continues to expand its digital asset presence.

Intercontinental Exchange’s potential investment in MoonPay underscores its ongoing expansion into the digital asset sector. MoonPay’s valuation could rise significantly with this investment, reflecting its strategic regulatory advancements and leadership appointments.