According to the source, MoonPay obtained regulatory approval in New York to safeguard customers’ digital assets and facilitate over-the-counter (OTC) trades; source: New York State Department of Financial Services (NYDFS) approval records and company announcement dated Nov 25, 2025. Under NYDFS rules, authorization to custody digital assets and conduct virtual currency business requires meeting capital, AML, and cybersecurity standards for serving New York customers; source: NYDFS 23 NYCRR Part 200 and 23 NYCRR Part 500. For traders, a regulated OTC capability in New York provides a compliant venue for block trades and settlement, informing execution workflows and counterparty risk management; source: NYDFS virtual currency business activity guidance.

According to EleanorTerrett, MoonPay has secured its New York BitLicense, enabling the company to legally offer crypto services to customers in all 50 states. This regulatory milestone places MoonPay alongside major crypto firms such as Coinbase, Anchorage, and Circle, which have also been approved by the New York Department of Financial Services (NYDFS) (Source: EleanorTerrett on Twitter, June 4, 2025). The New York BitLicense is recognized as one of the most stringent regulatory requirements in the United States, and MoonPay's approval signals increased institutional trust and potential for higher trading volumes on the platform. Traders should note that wider access and regulatory clarity may drive greater adoption of MoonPay's services, potentially influencing liquidity and transaction activity throughout the U.S. crypto market.