MoonPay Secures New York BitLicense and Money Transmitter License

MoonPay USA LLC has secured both the New York BitLicense and Money Transmitter License as of June 4, 2025, allowing it to offer cryptocurrency services within the state.

This regulatory approval is significant for expanding MoonPay’s operations, potentially increasing cryptocurrency transactions in a stringent U.S. market.

MoonPay’s Dual Licenses Facilitate New York Expansion

MoonPay has achieved a crucial regulatory milestone by securing both a BitLicense and Money Transmitter License. The New York State Department of Financial Services granted these licenses, marking a significant approval for MoonPay’s operations.

MoonPay’s leadership includes Ivan Soto-Wright and Victor Faramond, who continue to push for mainstream crypto adoption and compliance. Ivan Soto-Wright, CEO, MoonPay, said, “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 License, both of which allow us to bring MoonPay’s full suite of crypto payments and services to New York residents for the first time.”

Crypto Services Launch for New York Residents

New York customers can now access MoonPay’s services, which include buying and selling cryptocurrencies. This development is expected to boost MoonPay’s presence in a significant U.S. market.

Financial outcomes could involve increased transaction volumes due to this market expansion. Historical trends suggest that similar licenses lead to short-term liquidity spikes and increased user engagement with crypto platforms.

BitLicense Precedents & Market Predictions

Previous licenses granted to companies like Coinbase and Gemini have resulted in increased adoption in New York. Such precedents indicate potential spikes in liquidity and user confidence in regulated environments.

Experts from Kanalcoin predict increased transaction volumes and engagements following MoonPay’s licensing. Historical data shows positive market reactions when major platforms receive NYDFS authorization.