Intercontinental Exchange in talks to buy MoonPay stake at $5 billion valuation in 2025
On 19 Dec 2025, Intercontinental Exchange, owner of the New York Stock Exchange, was reported to be in talks to acquire a stake in crypto payments firm MoonPay at a valuation near $5 billion. This prospective deal would follow ICE's earlier backing of Bakkt and a $2 billion investment in Polymarket, expanding its reach from trading venues into consumer and institutional payment flows. MoonPay, last valued at $3.4 billion in a 2021 Series A, has also secured a limited purpose trust charter in New York, giving institutions a regulated option for crypto custody and OTC trading.