Market news: ICE, the parent company of the NYSE, plans to invest in MoonPay at a valuation of $5 billion.

According to sources familiar with the matter, Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, is in talks to participate in a funding round for cryptocurrency payment company MoonPay Inc., targeting a valuation of approximately $5 billion. Both ICE and MoonPay declined to comment.

MoonPay, founded in 2019, is a well-known cryptocurrency payment company. At the end of 2021, its valuation in its last funding round was $3.4 billion. (Bloomberg)