ICE, the parent company of the New York Stock Exchange, is negotiating to invest in the encrypted payment company MoonPay, with a target valuation of approximately US$5 billion.

PANews reported on December 19 that according to Bloomberg, people familiar with the matter revealed that Intercontinental Exchange Group (ICE), the parent company of the New York Stock Exchange, is negotiating to participate in a round of financing for cryptocurrency payment company MoonPay Inc., which is about to complete the financing with a target valuation of approximately US$5 billion. ICE did not immediately comment on the negotiations, and MoonPay declined to comment.

Founded in 2019, MoonPay provides software to help users convert between fiat and cryptocurrency more conveniently. In late 2021, when the crypto bull market was nearing its peak, the company’s last funding round valued it at $3.4 billion.

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