MoonPay has completed a critical regulatory double in New York, receiving a trust charter from the NYDFS just months after securing its BitLicense.
This one-two punch of approvals dramatically expands the company’s permitted activities in the state, now encompassing cryptocurrency custody and over-the-counter trading for its clients.
The trust charter represents a significant upgrade from its initial BitLicense, enabling MoonPay to offer a fuller suite of institutional-grade financial services and compete more directly with established, regulated custodians.
