MoonPay has been granted a Limited Purpose Trust Charter by the New York Department of Financial Services (NYDFS), enabling the company to offer cryptocurrency custody and over-the-counter (OTC) trading services in New York State. This achievement places MoonPay among a select group of crypto firms, including Coinbase, PayPal, Ripple, and NYDIG, that hold both a BitLicense and a Limited Purpose Trust Charter under New York's stringent regulatory framework. This move highlights MoonPay's commitment to state-level compliance at a time when many companies are pursuing federal charters from the Office of the Comptroller of the Currency (OCC).