MoonPay Secures New York BitLicense

We’re thrilled to announce that the New York State Department of Financial Services (NYDFS) has granted MoonPay USA LLC our BitLicense and Money Transmitter Licenses! 

New Yorkers can now engage with our full stack of fiat-to-crypto offerings, including buying and selling crypto, using major payment methods and MoonPay Balance.

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. This means MoonPay now has the “golden stack” of licenses in the United States – we can offer our market-leading payments solutions to users from coast to coast, without gaps in coverage.

Further, it establishes us as one of a limited number of crypto payments companies authorized to conduct virtual currency business activity in New York State. 

“With the approval of our New York BitLicense and Money Transmitter Licenses, MoonPay now holds the golden regulatory stack for crypto in the U.S., allowing us to directly serve customers in every single state without gaps in coverage,” said co-founder and CEO Ivan Soto-Wright. “As a U.S.-founded company with a headquarters in New York City, we’re immensely proud of this milestone and look forward to our continued work with regulators nationwide to make crypto accessible to everyone.”

Our New York licenses are complemented by money transmission licenses in 46 other U.S. jurisdictions, as well as registrations in the UK, Australia, Canada, Italy, Ireland and Jersey. In December 2024, we became one of the first crypto companies to secure our crypto asset service provider license under the EU’s Markets in Crypto Assets (MiCA) regulation.

This news comes on the heels of unveiling our new headquarters in New York City – our largest U.S. office to date – and a period of record-breaking company growth. In 2024, we achieved our strongest financial performance in history, finishing the year cash-flow positive and profitable.