TLDR
- MoonPay received New York BitLicense and money transmitter license from NYDFS on June 4, 2025
- Company can now operate directly in all 50 US states without coverage gaps
- MoonPay joins 35 other digital currency businesses authorized to operate in New York State
- BitLicense approval completes what CEO calls the “golden regulatory stack” for crypto in the US
- Company achieved record financial performance in 2024, finishing cash-flow positive and profitable
Cryptocurrency payments company MoonPay announced it received approval to operate in New York State after securing a BitLicense from regulators. The New York State Department of Financial Services granted MoonPay USA LLC both a BitLicense and money transmitter license on June 4.
🗽 BREAKING NEWS 🗽
the New York State Department of Financial Services (NYDFS) has granted MoonPay our BitLicense and Money Transmitter Licenses!!! pic.twitter.com/aghrXhSxsF
— MoonPay 🟣 (@moonpay) June 4, 2025
The approval allows MoonPay to offer services directly to customers in all 50 US states. This eliminates previous coverage gaps in the company’s operations across America.
MoonPay becomes one of 35 digital currency businesses authorized to conduct virtual currency activities in New York State. The BitLicense program requires any digital asset business operating in New York or managing investments from residents to obtain the license.
Complete US Regulatory Coverage
MoonPay co-founder and CEO Ivan Soto-Wright described the approval as achieving the “golden regulatory stack for crypto in the US.” The company can now serve customers from coast to coast without regulatory limitations.
New York residents can access MoonPay’s full range of services including buying and selling cryptocurrency. The platform supports major payment methods and offers MoonPay Balance functionality.
The BitLicense approval adds to MoonPay’s existing money transmission licenses in 46 other US jurisdictions. The company also holds registrations in the UK, Australia, Canada, Italy, Ireland and Jersey.
International Expansion and Growth
In December 2024, MoonPay became one of the first crypto companies to secure a crypto asset service provider license under the EU’s Markets in Crypto Assets regulation. This approval allows operations across European Union member states.
The New York license announcement follows MoonPay’s decision to open a new headquarters in New York City. The office represents the company’s largest US location to date.
MoonPay reported record financial performance in 2024, finishing the year both cash-flow positive and profitable. The company achieved its strongest financial results in its operating history.
The BitLicense program faces ongoing political scrutiny from New York officials. New York City Mayor Eric Adams called for ending the program during the Bitcoin 2025 conference in Las Vegas.
Other major cryptocurrency companies including Anchorage Digital, Circle, Coinbase and Gemini also hold BitLicenses for New York operations. Genesis Global Trading previously surrendered its BitLicense in January 2024 as part of a settlement with NYDFS over investor fraud allegations related to the Gemini Earn program.
