MoonPay, a cryptocurrency payments firm, can now offer services across all 50 U.S. states. This expansion follows the company’s approval from New York’s financial regulator.
The BitLicense and Money Transmitter License were both granted to MoonPay USA LLC by the New York State Department of Financial Services. This news enables MoonPay to operate in New York alongside a few other cryptocurrency businesses.
The licenses allow MoonPay to enable residents of the state to purchase and sell cryptocurrency on its platform. Users can transact using key payment options and MoonPay Balance. This approval is a significant milestone for the firm.
MoonPay secures full U.S. regulatory coverage
The BitLicense is one of the most prestigious regulatory approvals within the cryptocurrency space. It allows companies to operate legally and broadly in the United States. This now boasts full regulatory coverage across the country. No state remains out of reach.
This indicates strong momentum behind the company’s growth. It recently opened another office, this time in New York City, which has now become the company’s largest U.S. footprint. The new licenses were granted during a year of rapid growth and exceptional performance. MoonPay became cash flow positive and profitable in 2024.
MoonPay holds money transmission licenses in 46 other states. It also has registrations in the UK, Australia, Canada, Ireland, Italy, and Jersey. In December 2024, it obtained a crypto license under the EU’s MiCA regulation.
MoonPay proves crypto can meet high standards
With New York now part of its coverage, MoonPay further cements its position in the worldwide crypto space. The approval allows it to serve U.S. customers without interruption. It also enhances trust in its brand and operations.
In reaching this milestone, MoonPay thus demonstrates that crypto businesses are capable of maintaining no good regulatory standards. The company hopes this will enable greater adoption. It continues to enhance accessibility and ease of access for anyone wishing to discover digital assets.
The new licenses are more than a regulatory win. They prove that MoonPay can meet rigorous compliance standards and still scale up quickly. With its all-encompassing legal authority across the U.S. now firmly established, the company is turning its focus to new opportunities.
