Derived from 币界网, the parent company of the New York Stock Exchange (NYSE), Intercontinental Exchange (ICE), is reportedly considering acquiring a stake in cryptocurrency firm MoonPay at a valuation of approximately $5 billion. According to Bloomberg, the potential investment comes as MoonPay prepares to close a new funding round. MoonPay, which was founded in 2019 and helps users convert between fiat and crypto, has been expanding aggressively this year, including acquiring at least four startups and launching a stablecoin business. The move aligns with broader regulatory developments, such as the enactment of the GENIUS Act, which aims to facilitate the wider adoption of stablecoins.
ICE Considers $5 Billion Valuation Stake in MoonPay
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Summary
Intercontinental Exchange (ICE), parent of the NYSE, is reportedly eyeing a stake in MoonPay at a $5 billion valuation. The potential deal comes as MoonPay finalizes a new funding round. The firm, founded in 2019, has expanded rapidly, acquiring four startups and launching a stablecoin business. New token listings have also gained traction amid regulatory shifts like the GENIUS Act. Meanwhile, an exchange hack remains a key risk for firms handling large crypto volumes.
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