ICE Expands Crypto Footprint With Potential MoonPay Stake Amid Regulatory Wins
Intercontinental Exchange is negotiating a strategic investment in MoonPay at a $5 billion valuation, signaling accelerated institutional adoption of regulated crypto services. The move follows MoonPay's recent New York approvals for custody and trading operations—a key hurdle for mainstream finance players.
ICE's push mirrors broader market trends: its NYSE parent company already operates Bakkt and committed $2 billion to Polymarket. The firm now links traditional market data (via Chainlink) to blockchain networks, bridging institutional and decentralized finance.
Regulatory momentum underpins the deal. MoonPay's compliance hires and ICE's existing infrastructure suggest a focus on scalable, oversight-friendly crypto solutions—a growing priority as institutional demand rises.