NYSE Owner ICE in Talks to Invest in MoonPay at Nearly $5 Billion Valuation
Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange (NYSE), is negotiating an investment in cryptocurrency payments firm MoonPay. The potential funding round could value MoonPay at approximately $5 billion, a significant increase from its previous $3.4 billion valuation. This development follows MoonPay's recent approval from the New York Department of Financial Services, positioning it alongside established players like Coinbase and PayPal.
ICE's move underscores its aggressive expansion into digital assets. The exchange operator already manages Bakkt, its proprietary crypto platform, and recently invested $2 billion in Polymarket, a prediction market platform. Additionally, ICE partnered with chainlink in August to deliver foreign exchange and precious metals rates onchain through Chainlink Data Streams, leveraging ICE's Consolidated Feed for real-time pricing data.
