NYSE Operator ICE in Investment Talks with Crypto Firm MoonPay, Targeting $5 Billion Valuation

Intercontinental Exchange (ICE), which operates the New York Stock Exchange, is progressing in its investment negotiations with cryptocurrency payment company MoonPay, according to sources familiar with the matter as reported by Bloomberg. MoonPay provides software that facilitates the exchange between fiat and cryptocurrencies. Based in New York, MoonPay is nearing the completion of its fundraising efforts, aiming for a company valuation of approximately $5 billion. The company's last fundraising round was in the latter half of 2021, with a valuation of $3.4 billion at that time. Wall Street has seen a favorable shift in the regulatory environment under President Trump, which has...