NYSE Proprietor ICE Mulls Stake In MoonPay At $5B Valuation

New York Inventory Trade (NYSE) proprietor Intercontinental Trade (ICE) is eyeing a stake within the crypto agency MoonPay at a valuation of about $5 billion.

Based on a Dec. 18 Bloomberg report that cited sources aware of the matter, ICE’s potential funding within the agency comes as MoonPay nears the completion of its newest funding spherical. 

MoonPay Has Embarked On An Growth Spree This Yr

MoonPay was based in 2019 and affords software program that helps customers swap extra simply between crypto and fiat currencies. Its final funding spherical at a valuation of $3.4 billion was in direction of the tip of 2021, proper across the peak of a bull marketplace for the crypto area on the time.

MoonPay’s newest share sale comes after the corporate engaged in an enlargement push this yr, which noticed the agency purchase not less than 4 startups earlier than launching a stablecoin enterprise. This adopted the passing of the GENIUS Act by the US Congress and President Trump’s transfer to signal the invoice into legislation, paving the best way for the broader use of stablecoins. 

Along with the acquisitions, enlargement, and newest funding spherical, MoonPay has additionally introduced this week that Caroline Pham, the Appearing Chair on the US Commodity Futures Buying and selling Fee (CFTC), will be a part of the agency after Mike Selig is sworn in because the company’s new chief.

I’m trying ahead to a profitable affirmation of Mike Selig because the @CFTC’s subsequent chairman and a clean transition as soon as he’s sworn in. The longer term is vibrant. Onward and upward 🚀

— Caroline D. Pham (@CarolineDPham) December 17, 2025

ICE Increasing Into Crypto Markets

ICE’s reported curiosity in MoonPay isn’t the NYSE proprietor’s first transfer into the crypto area. Earlier this yr, the inventory alternate proprietor introduced that it made a strategic funding into the decentralized prediction markets platform Polymarket.

Beneath the phrases of the settlement, ICE will make investments as much as $2 billion within the firm. This capital injection valued Polymarket at roughly $8 billion pre-investment. It additionally positions ICE as a significant institutional backer of what was beforehand a largely crypto-native market. 

Platforms like Polymarket give customers the power to wager on the outcomes of a wide range of real-world occasions. These occasions span politics, sports activities, and extra. 

Polymarket residence display screen (Supply: Polymarket)

ICE mentioned that its funding is aimed toward integrating Polymarket’s event-driven likelihood knowledge into conventional finance workflows. As such, the deal will see ICE turn into a worldwide distributor of Polymarket’s knowledge to institutional buyers. 

The 2 firms additionally plan to collaborate on future tokenization initiatives. 

2025 Has Been A Massive Yr For Crypto Offers And VC Funding

This yr has seen a number of giant offers introduced by crypto companies and has additionally been a robust yr when it comes to enterprise capital (VC) funding. 

To this point, crypto and blockchain companies have raised virtually $19 billion in VC funding. That is probably the most since 2022, based on knowledge from PitchBook.

Ripple managed to boost $500 million from buyers in November in a spherical that included funds affiliated with Fortress Funding Group and Citadel Securities. This increase was achieved at a valuation of $40 billion. 

On the acquisition entrance, Ripple has made a number of strategic buys. Its purchases included prime brokerage and treasury administration companies. In the meantime, US crypto alternate Coinbase has led the cost as the corporate goals to create a crypto “all the pieces app.” 

That’s seemingly because of the friendlier regulatory local weather across the digital asset area within the US, as President Trump works in direction of making the US the world’s crypto capital. 

Since getting into the White Home for a second time period, Trump has positioned pro-crypto leaders at key companies such because the Securities and Trade Fee (SEC), the Workplace of Comptroller of the Forex (OCC), and the US Treasury. 

Yesterday, the Senate authorized Trump’s picks for the Commodity Futures Buying and selling Fee (CFTC) and the Federal Deposit Insurance coverage Company (FDIC) as effectively. 

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