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MoonPay Invests In Crypto Broker BCB Group

MoonPay Invests In Crypto Broker BCB Group

The crypto payment solutions company, MoonPay has recently invested and acquired a stake in Europe’s leading business accounts and trading services provider, BCB Group, to expand their offerings worldwide, bringing crypto to new geographical markets.

The MoonPay And BCB Group Partnership 

Earlier this year in February, MoonPay’s Chief Growth Officer, Zeeshan Fero, joined the BCB group in an advisory capacity. 

MoonPay has been a current client of BCB Group and, through this investment, will become a strategic partner, which will enable the two companies to provide additional fiat rails and crypto services to their combined client base. Both the companies are hoping to expand their global offerings and introduce cryptocurrency to new geographical markets.

Both CEOs Envision Collaborative Efforts To Build Global Crypto Economy

Commenting on the partnership, the CEO and founder of MoonPay, Ivan Soto-Wright, 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 also said,

“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.” 

BCB Group Supporting Industry Pillars

BCB Group provides accounts and payments processing for the pillars of the industry, including Bitstamp, Coinbase, Galaxy, Gemini, Huobi, and Kraken. 

In March, BCB Group sought to fund their upcoming initiatives such as BCB Treasury, 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.  

MoonPay Continues Global Decentralization Plans, Supports Binance Assets

With over 250 partners, including Bitcoin, Trust Wallet, and ZenGo, MoonPay provides payment solutions to over 80 cryptocurrencies and over 30 fiat currencies. Their payment solutions have gone global by processing over 1 million transactions across more than 160 countries. 

The team also recently announced that BNB and BUSD, Binance Smart Chain (BSC) assets, and Binance DEX are now supported globally by the MoonPay ecosystem. This indicates MoonPay’s commitment to global decentralization by enabling more users to experience DeFi and crypto.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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