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MoonPay has secured a $200 million revolving credit line from Galaxy, a leading digital asset financial services and investment management firm. This substantial funding boost positions MoonPay to capitalize on the growing momentum in the cryptocurrency industry, ensuring it can meet rising transaction volumes and liquidity demands while maintaining seamless service delivery.
Enhancing Liquidity and Market Readiness
With this credit line, MoonPay is reinforcing its financial infrastructure to support its expanding user base and transaction flow. The move comes at a time of increasing global interest in digital assets, further cementing MoonPay’s role in the evolving crypto economy.
Mike Novogratz, Founder and CEO of Galaxy, emphasized the strategic importance of the collaboration:
“Galaxy is excited to support MoonPay, reinforcing our commitment to driving growth and broadening access within the digital asset ecosystem. Initiatives like this are key to the continued expansion and maturity of the industry, and we look forward to our ongoing collaboration.”
Strengthening Crypto Infrastructure
Ivan Soto-Wright, CEO of MoonPay, highlighted how the rising demand for crypto services underscores the need for robust financial backing:
“The recent surge in crypto demand has demonstrated the critical importance of scalable infrastructure. This revolving credit line from Galaxy provides us with the financial flexibility to meet growing demand and continue delivering an exceptional user experience. We are thrilled to partner with Galaxy, a recognized leader in the digital asset space, to support our continued growth and expansion.”
Expanding Digital Payment Capabilities
MoonPay has been making strategic moves to enhance its offerings. This month, the company announced the acquisition of Iron, an API-first stablecoin infrastructure platform. This acquisition aims to expand MoonPay’s enterprise solutions, enabling businesses to accept stablecoin payments and facilitate instant, low-cost, and borderless transactions.
With this latest credit line and its growing suite of services, MoonPay continues to position itself as a key player in the digital asset ecosystem, driving innovation and financial accessibility in the crypto economy.
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