Dec. 18 at 6:45 PM
Intercontinental Exchange (ICE), the owner of the New York Stock Exchange, is reportedly in discussions to invest in crypto payments company MoonPay as part of a new funding round, according to people familiar with the matter cited by Bloomberg.
MoonPay is said to be nearing the completion of the fundraising effort with a target valuation of around
$5 billion. Founded in 2019, the company offers software that simplifies the process of converting between traditional fiat currencies and cryptocurrencies, helping lower the barriers to entry for digital-asset transactions.
MoonPay’s previous funding round took place in late 2021, at the height of the crypto market boom, and valued the company at approximately
$3.4 billion. If the current round is completed at the targeted valuation, it would mark a significant step up for the company, representing about a 47% increase from its prior valuation.
$ICE