MoonPay Secures BitLicense from New York Regulators

Highlights:

• MoonPay can now operate in all 50 US states after securing BitLicense and money transmitter approvals from New York regulators.
• The new licenses added to MoonPay’s growing list of permits as the company continues to expand its global reach.
• MoonPay’s services will include buying and selling cryptocurrencies with provisions for crypto-to-fiat conversions.

American-based crypto payment outlet MoonPay has secured BitLicense and money transmitter licenses from the New York State Department of Financial Services (NYDFS) to expand its services in the United States. The crypto trading platform announced the new achievement in a June 4 press release, noting that the endorsement allows it to offer services to customers across all fifty US states.

Advertisement

MoonPay stated:

“BitLicense approval, widely recognized as a gold standard in the crypto industry, completes our U.S. regulatory coverage and enables us to directly service customers in all 50 states.”

Remarkably, the regulatory approvals closely follow MoonPay’s new headquarters establishment in New York. The trading platform noted that this new branch remains its largest US office to date. MoonPay is also basking in the euphoria of the record-breaking growth attained in 2024, which the company hopes to build on this year with the new licenses. For context, MoonPay ended 2024 with net positive cash flow, marking its most productive fiscal year.

🗽 BREAKING NEWS 🗽

the New York State Department of Financial Services (NYDFS) has granted MoonPay our BitLicense and Money Transmitter Licenses!!! pic.twitter.com/aghrXhSxsF

— MoonPay 🟣 (@moonpay) June 4, 2025

New Yorkers will Benefit from MoonPay Services

Per the press release, MoonPay will join a limited number of platforms offering virtual currency trading services to New York residents. These services include buying and selling MoonPay’s supported cryptocurrencies, using major payment methods and MoonPay Balance. Users will also benefit from the trading platform’s robust fiat-to-crypto offerings.

Ivan Soto-Wright, MoonPay’s co-founder and Chief Executive Officer (CEO), said the licenses will close its offerings coverage gap in the United States. He also expressed excitement and eagerness to continue working with regulators to expand the trading platform’s reach.

The CEO stated:

“As a U.S.-founded company with a headquarters in New York City, we’re proud of this milestone and look forward to our continued work with regulators to make crypto accessible to everyone.”

BitLicense Adds to MoonPay’s Growing List of Regulatory Endorsements

Before its most recent operational permit, MoonPay has secured licenses in 46 other US states. Additionally, the trading platform is recognized as an official crypto services provider in regions including the UK, Italy, Canada, Ireland, Australia, and Jersey.

In December 2024, MoonPay secured a crypto asset service provider license under the European Union (EU) Markets in Crypto-Assets Regulation (MiCA), making it the first crypto firm to achieve such a feat. The operational permit will enable it to expand its services across over twenty European nations, including Luxembourg, Australia, Portugal, Germany, France, Denmark, Spain, Belgium, Sweden, etc.

🚨SCOOP: @moonpay has secured its New York BitLicense, clearing the way for the firm to serve customers in all 50 states.

MoonPay joins a short list of crypto-native firms including @coinbase, @Anchorage and @circle that have been approved to operate in the state by the @NYDFS.…

— Eleanor Terrett (@EleanorTerrett) June 4, 2025

MoonPay Drives Crypto Adoption with Strategic Partnerships

Last month, Crypto2Community reported that MoonPay sealed a partnership deal with Mastercard. The collaboration is targeted towards launching payment cards with stablecoin support, enabling payments at global locations. Initiating stablecoin payments with the newly launched card converts the transferred amount to fiat currency. The new card operation will be based on Iron’s infrastructure. In March this year, MoonPay acquired Iron, an API-based stablecoin service provider.

MoonPay aims to enhance its stablecoin payment services by integrating Iron features. The trading platform also intends to increase its coverage in the stablecoin payment sector. Iron’s API system allows individuals and firms to receive stablecoin payments rapidly, with minimal transaction costs. Iron integration also permits companies to operate multi-currency treasuries. Iron has secured the necessary licenses and adopted several measures, including Anti-Money Laundering (AML) and Know-Your-Customer policies, to ensure the platform’s safety.

Advertisement