NYSE parent in talks to invest in crypto company MoonPay: Report
Intercontinental Exchange (ICE), the NYSE parent, is reportedly negotiating an investment in crypto payments firm MoonPay during its latest funding round.Summary
Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange (NYSE), is reportedly in discussions to invest in the cryptocurrency payments company MoonPay as part of its current funding round. MoonPay is aiming to secure funding at a $5 billion valuation. This potential deal follows ICE's previous $2 billion investment in the prediction platform Polymarket in October. MoonPay, founded in 2019, offers infrastructure for crypto transactions, enabling users to buy digital assets using traditional payment methods. These investment activities highlight the increasing convergence between traditional finance (Wall Street) and the crypto industry, as evidenced by other collaborations, such as ICE exploring stablecoin integration with Circle's USDC.
(Source：Cointelegraph)