London, 22nd June 2021 – Today MoonPay, the global payments solution for cryptocurrency, has announced it has acquired a stake in BCB Group, Europe’s leading provider of business accounts and trading services for the digital asset economy.
The deal will see the two businesses working together to further enable additional fiat rails and cryptocurrency services to their respective clients and allow them to further expand their offerings worldwide, bringing crypto on and off ramps to new geographical markets.
MoonPay is a current client of BCB Group and through this investment will become a strategic partner. The investment follows BCB Group’s appointment of MoonPay’s Chief Growth Officer, Zeeshan Feroz, as an advisor in February.
In March, BCB Group closed an investment round to fund upcoming initiatives such as BCB Treasury, which aims to help companies invest in bitcoin as a treasury asset, BCB Yield Accounts and BCB Wealth Partners, designed to provide a crypto service for private wealth clients. BCB Group provides accounts and payments processing for the pillars of the industry, including Bitstamp, Coinbase, Galaxy, Gemini, Huobi and Kraken.
MoonPay has over 250 partners, including Bitcoin.com, Trust Wallet, and ZenGo. The company supports over 80 cryptocurrencies and over 30 fiat currencies. So far, MoonPay has processed over one million transactions across 160+ countries worldwide.
Ivan Soto-Wright, CEO and Founder of MoonPay said: “BCB Group’s holistic payment and banking solutions align perfectly with our vision to level the financial playing field and continue developing the tools powering the new digital age. We are looking forward to working closely alongside the BCB team as they continue their impressive growth and together work to build an inclusive and efficient crypto-economy.”
BCB Group Founder and CEO Oliver von Landsberg-Sadie commented: “We are delighted to have received MoonPay’s support at this vital stage of our growth journey. MoonPay’s market leading expertise and insight will be invaluable as we continue to transform crypto payment services.”
MoonPay – Engine MHP
Notes to editors
About BCB Group
BCB Group is Europe’s leading crypto-dedicated payment services provider, serving some of the industry’s largest clients including Bitstamp, Coinbase, Galaxy, Gemini, Huobi and Kraken. BCB Group provides payment services in 20+ currencies, FX, cryptocurrency liquidity and digital asset custody.
Responding to institutional demand for operational best practice in digital asset markets, BCB Group was created by established thought leaders in finance, regulation and technology. Founded in the UK and developed to encompass key relationships across global financial services communities, BCB Group is well positioned as one of the first multi-jurisdictional regulated cryptocurrency service firms. BCB Group’s executive team have worked for Barclays, Credit Suisse, Deutsche Bank, Investec, Lloyds Commercial Bank, Norton Rose Fulbright, FIS and Sun Life of Canada.
MoonPay is a financial technology company that builds payment infrastructure for crypto. Its on-and-off-ramp suite of products provides a seamless experience for converting between fiat currencies and cryptocurrencies using all major payment methods, including debit and credit cards, local bank transfers, Apple Pay, Google Pay, and Samsung Pay. MoonPay is active in more than 160 countries and is trusted by 250+ leading wallets, websites, and applications to accept payments and defeat fraud.
The information contained in this press release is intended for use and publication by journalists and should not be relied upon by private investors or any other persons to make financial decisions. Furthermore, the material contained herein is for informational purposes only and should not be construed as an offer, solicitation of an offer, or an inducement to buy or sell cryptocurrencies or any equivalents either generally or in any jurisdiction where the offer or sale is not permitted. All of the views expressed about the markets, cryptocurrencies and stakeholders in this press comment accurately reflect the personal views of BCB Group. While opinions stated are honestly held, they are not guarantees and should not be relied on. The information or opinions provided should not be taken as specific advice on the merits of any investment decision. This press release may contain statements about expected or anticipated future events and financial results that are forward-looking in nature and, as a result, are subject to certain risks and uncertainties, such as general economic, market and business conditions, new legislation and regulatory actions, competitive and general economic factors and conditions and the occurrence of unexpected events. Past performance in other related cryptocurrencies is not a viable indication of future performance with actual results possibly differing materially from those stated herein. Investments in cryptocurrencies are not currently regulated by the Financial Conduct Authority. Your capital is at risk when investing in cryptocurrencies.