ICE Eyes Crypto Payments with MoonPay Deal

[bonk]

Polymarket founder Shayne Coplan (left) and Intercontinental Exchange CEO Jeffrey Sprecher (right) in front of the New York Stock Exchange after the $2 billion deal. Source: Shayne Coplan

Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, is in talks to invest in crypto payments company MoonPay during its latest funding round. The fintech firm, valued at $5 billion, provides infrastructure for buying, selling, and using cryptocurrencies via traditional payment methods such as debit and credit cards, while also serving wallets, exchanges, and enterprises seeking crypto integrations.

This comes shortly after ICE’s $2 billion investment in prediction platform Polymarket, signaling the growing convergence of Wall Street and the crypto sector. Analysts see these moves as a way for traditional finance to gain exposure to blockchain technologies while supporting innovative payment solutions.

[Nahid Hossen]

ICE getting into crypto payments is an interesting signal.

[JanEmil]

Their platform is pure gambling