MoonPay Nears $5 Billion Valuation with Potential NYSE Owner Investment
- Intercontinental Exchange (ICE), owner of the New York Stock Exchange, is considering investing in MoonPay.
- MoonPay aims for a valuation of approximately $5 billion in its latest fundraising round.
- The company recently secured a Limited Purpose Trust Charter from the New York Department of Financial Services.
- Caroline Pham, acting chair of the Commodity Futures Trading Commission, plans to join MoonPay as chief legal and administrative officer.
- Under Pham’s leadership, the CFTC allowed Bitcoin and Ethereum in derivatives markets, saving $50 million annually through operational changes.
MoonPay is expanding its services in New York following regulatory approval and is attracting significant investment interest from major financial entities like ICE. The inclusion of Caroline Pham highlights the firm’s strategic focus on regulatory expertise.
With a targeted valuation of $5 billion and new leadership from Caroline Pham, MoonPay positions itself as a formidable player in the crypto payments sector, leveraging both regulatory advancements and strategic investments to fuel growth. (Source)
