MoonPay has obtained a trust license in New York, becoming a rare player in the industry with dual certifications.

2025-11-25 15:08:15

[Chain News] MoonPay has obtained a trust license from the New York State Department of Financial Services. What does this mean? They can now officially conduct cryptocurrency custody and OTC Trading in New York.

What's even more ruthless is that MoonPay holds both a BitLicense and a trust license at the same time—this dual holding combination is quite rare in the industry. Currently, only a few leading platforms have achieved this: a certain compliant exchange, PayPal, Ripple, and NYDIG. Obtaining this set of licenses in a high-regulation area like New York is no easy feat.

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LiquidationWatcher

· 11-28 08:32

New York has given the green light again, MoonPay's move is not bad. With full credentials, no wonder they dare to expand like this. Now the Compliance team has one more member. PayPal and Ripple are both in, can MoonPay keep up? Hey, a real custody license, now that's serious business. New York's tiger is big, this license is highly valuable. By the way, why are other platforms still floundering? In an industry with scarce players, there are only a few spots. MoonPay has now rushed to the front ranks.

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AirdropJunkie

· 11-25 15:37

Wow, MoonPay is really about to To da moon! With double certificates in hand, New York has finally recognized it. Suddenly feel that this track has some substance. I used to think they were just a payment tool, didn’t expect them to get to this point. The power of Compliance, yyds. Benchmarking against PayPal and Ripple, it’s a bit amazing. With New York's strict regulations, being able to get it is really not easy. The industry is about to be reshuffled again. The entire encryption payment field may need to be redefined.

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GateUser-c802f0e8

· 11-25 15:34

Wow, having the dual licenses is really amazing, now MoonPay is taking off in New York. There are only a few companies in the industry that can achieve this at the same time, it's the ceiling of Compliance. MoonPay is taking off directly this time, users in New York are in for a treat. With such strict regulations in New York, being fully licensed is indeed something only a few players can achieve. Just the BitLicense alone has killed a bunch of platforms, and this time they're adding a trust license, MoonPay is serious. Now the crypto world Compliance army has gained another powerful player, instantly raising its status in the industry. Speaking of which, being on par with PayPal and Ripple, MoonPay is making a good move here. The regulatory trump card has arrived, keep an eye on MoonPay's next moves. Dual licenses are indeed rare, it's not easy to chew through this tough nut in New York.

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AllInAlice

· 11-25 15:32

With dual licenses in hand, MoonPay is making steady moves. Even PayPal couldn't secure two licenses this quickly; are they about to venture into a new track? When did those folks in New York become so easy to deal with? Can compliance really be profitable? It feels like the industry's scarce licenses are more about speculation; what about actual applications? Will MoonPay replicate Ripple's playbook? Now, the compliance army is set to expand, making it harder for smaller platforms to survive. What does having dual licenses mean? Simply put, it means being able to access more funds. Having a license doesn't necessarily mean it's useful; regulation can be a double-edged sword. MoonPay is moving up, so we need to keep an eye on their follow-up actions.

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FUD_Whisperer

· 11-25 15:32

The license in New York is really something, MoonPay is now in the same tier as PayPal and Ripple. With two certifications, the path of Compliance is definitely paved now. Honestly, it's not easy to get this in New York, the threshold is set too high. MoonPay has really taken off, the OTC custody business is going to rise. Has New York finally loosened up? Or did MoonPay really put in the effort? BitLicense combined with a trust license, this combination is indeed rare, only a few can afford it. However, having more licenses doesn't necessarily mean making money. The Compliance army has gained another general, the market is going to be reshuffled.

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UncommonNPC

· 11-25 15:28

The threshold is so high over in New York, no wonder only a few can hold both licenses. --- MoonPay's operation this time is definitely the ceiling of compliance. --- The scarcity of the dual license combination shows that regulation is no joke. --- Why does it feel like only big players can mix in New York? --- Being able to stand alongside PayPal and Ripple, MoonPay really holds above this time. --- Accomplice + OTC Trading taken down in one go, that's what real ambition looks like. --- The rules in New York are tightly controlled, getting these two licenses is not easy. --- There are only a few companies in the industry that hold the power of discourse, how can newbies still play? --- MoonPay has directly upgraded to a compliance player, other platforms need to catch up. --- It feels like the combination of BitLicense and trust license is the real pass.

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