Intercontinental Exchange Group is participating in MoonPay's funding negotiations, targeting a valuation of approximately $5 billion.

BlockBeats News, December 19, the Intercontinental Exchange Group (ICE), the parent company behind the New York Stock Exchange, is in talks to participate in a funding round for cryptocurrency payment company MoonPay Inc., with a target valuation of approximately $5 billion. Both ICE and MoonPay declined to comment.

MoonPay was founded in 2019 and is a well-known crypto payment company in the industry. Its previous funding round at the end of 2021 valued the company at $3.4 billion.