Monday, December 6

Crypto startup MoonPay is valued at $ 3.4 billion after funding round

The company indicated this Monday that had raised $ 555 million in a Series A funding round that also featured participation from Blossom Capital, Thrive Capital, Paradigm and NEA.

MoonPay’s valuation occurs when Bitcoin, the largest and most popular cryptocurrency, is trading at around $ 60,000 per unit, despite the fact that some digital assets are under global regulatory scrutiny for their potential use in money laundering.

Several other companies in this sector have also caught the attention of investors this year. The cryptocurrency startup Gemini, led by internet entrepreneurs Cameron and Tyler Winklevoss, earned a valuation of $ 7.1 billion last week.

FTX Trading, a platform to buy and sell cryptocurrencies, it was valued at $ 25 billion after a funding round last month.

MoonPay, which is profitable, helps companies transact digital assets quickly and smoothly. Too helped blockchain technology company increase its revenue more than sixfold.

The company said its technology for non-fungible tokens (NFTs), unique cryptographic tokens that cannot be replicated, has also been used by the NFT OpenSea marketplace.

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