Intercontinental Exchange Inc. (ICE), the parent company of the New York Stock Exchange, is reportedly in discussions to invest in Moonpay Inc. This potential investment is part of a funding round that values the cryptocurrency payments firm at $5 billion. Moonpay's valuation has increased significantly from $3.4 billion in 2021, reflecting its growth in the crypto sector.
While the exact terms of the investment remain undisclosed, the deal could potentially lead to new token listings on major platforms. Neither ICE nor Moonpay have provided official comments on the matter. This development occurs amid growing concerns over security risks associated with cryptocurrency exchanges.
NYSE Owner ICE Eyes Investment in Moonpay at $5 Billion Valuation
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
