MoonPay Granted New York Trust Charter, Joining Coinbase and Ripple
Overview
MoonPay, a crypto payments firm, has received regulatory approval in New York. This new trust charter allows the company to safeguard customers’ digital assets and facilitate over-the-counter (OTC) trades.
What Happened
MoonPay’s acquisition of a trust charter in New York signifies an important step for the company in the regulatory landscape. With this approval, MoonPay is now positioned to provide enhanced security for its customers’ digital assets. The ability to facilitate OTC trades is an additional service that broadens the scope of MoonPay’s offerings, making it a more attractive option for individuals and institutions engaging in cryptocurrency transactions.
This development places MoonPay in a category alongside other notable companies in the crypto space, such as Coinbase and Ripple, which have also secured trust charters in New York. This regulatory approval reflects a growing trend within the crypto industry toward compliance and legitimacy.
Impact on the crypto market
- MoonPay’s regulatory approval may enhance trust among users in the crypto space.
- The ability to safeguard digital assets could attract more institutional clients.
- Facilitating OTC trades can increase liquidity in the crypto market.
- MoonPay joins other major players, signaling a trend toward regulatory compliance in the industry.
- This approval could inspire other crypto firms to pursue similar regulatory pathways.
Updated: 11/25/2025, 9:21:56 PM
