Dec 19, 2025
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– MoonPay set for $5 billion valuation with NYSE owner’s backing – Intercontinental Exchange explores investment in MoonPay – MoonPay secures Limited Purpose Trust Charter from NYDFS – CFTC Chair Caroline Pham to join MoonPay as legal officer
Crypto payment platform MoonPay is nearing a major fundraising milestone, with Intercontinental Exchange (ICE), owner of the New York Stock Exchange (NYSE), exploring an investment. MoonPay aims for a $5 billion valuation in this round.
Regulatory Approval and Expansion
- MoonPay simplifies cryptocurrency trading with various payment methods like PayPal and Apple Pay.
- Recently obtained a Limited Purpose Trust Charter from NYDFS, enhancing its regulatory credentials alongside its BitLicense.
- This approval allows MoonPay to expand crypto services in New York, competing with companies like Coinbase and PayPal.
Leadership Changes
- Caroline Pham, acting chair of the Commodity Futures Trading Commission (CFTC), will join MoonPay as Chief Legal and Administrative Officer.
- Pham has been influential in the regulatory landscape, facilitating spot crypto trading on futures exchanges and implementing cost-saving measures at CFTC.
- Her decision to join MoonPay was influenced by her connections within the industry, including a relationship with MoonPay’s president, Keith Grossman.
Grossman praised Pham's experience, noting it aligns with MoonPay's strategic goals to advance further.