NYSE Owner ICE Eyes Major Investment in MoonPay Ahead of IPO

ICE, owner of the NYSE, is in talks to invest in MoonPay as the crypto firm targets a $5 billion valuation ahead of its IPO, signaling ICE’s deeper push into digital assets and crypto infrastructure.

Intercontinental Exchange (ICE), owner of the New York Stock Exchange, is in advanced talks to invest in MoonPay, a crypto payments company, as MoonPay seeks a $5 billion valuation ahead of its IPO. The investment, reported by multiple sources, highlights ICE’s continued expansion into the digital asset sector, following previous investments in platforms like Polymarket and Bakkt. MoonPay, which enables users to buy cryptocurrencies with traditional payment methods, has recently acquired several startups, launched a stablecoin business, and secured key regulatory approvals in New York. The company’s last funding round in 2021 valued it at $3.4 billion. ICE’s potential investment is seen as a strategic move to gain a foothold in crypto infrastructure, leveraging MoonPay’s established technology and regulatory compliance. The deal comes amid increased political support for crypto and new stablecoin legislation, positioning both companies for growth as digital assets gain mainstream acceptance.