MoonPay secures $200m credit line from Galaxy

Moonpay obtained a 200 million dollax renewable credit line from Galaxy, a large financial service company for digital assets, while the cryptographic industry experiences renewed momentum.

Funding will provide liquidity to Moonpay to manage the increase in transactions volumes and support its global growth, according to a shared note with Crypto.News.

The increase in cryptographic activity has strengthened the need for an evolutionary payment infrastructure, and the latest Moonpay financing decision aims to provide transparent services.

CEO Ivan Soto-Wright stressed the importance of financial flexibility to meet increased demand.

“The recent increase in crypto demand has demonstrated the critical importance of a robust and scalable infrastructure,” he said. “This galaxy renewable credit line allows us to respond to increased demand while maintaining an exceptional user experience.”

The credit line arrives at a pivotal moment for Moonpay, which ended 2024 on a solid note, reaching the positivity of cash flows and the growth of net income of 112% on the other.

Business positioned As a key player in the crypto Payment sectorFacilitate transparent transactions for users around the world.

With this funding, Moonpay is well positioned to capitalize on the growing adoption of digital assets and strengthen its role in the global economy of cryptography.