MoonPay Opens New U.S. Headquarters in Manhattan, Drives 123% Transaction Volume Growth

MoonPay, a leading global player in cryptocurrency payments, has announced the establishment of its new U.S. headquarters in the vibrant SoHo neighborhood of Manhattan, New York City. The new office, spanning over 5,000 square feet, is designed to enhance employee collaboration and operational efficiency, reflecting the company's commitment to expanding its influence in the cryptocurrency payment sector.

The decision to set up a larger presence in the U.S. aligns with MoonPay’s ongoing mission to simplify cryptocurrency transactions for users and businesses. This strategic move is expected to facilitate improved communication and better service delivery within the expanding ecosystem of crypto finance. The new headquarters will serve as a central hub for MoonPay's growing workforce in the region, currently employing nearly 70 team members, representing approximately 20% of its global workforce. The U.S. is now the company’s second-largest employee hub, second only to the UK, where MoonPay opened its largest global office in 2024.

MoonPay's expansion comes at a time of exceptional growth for the company. The company reported its strongest financial performance in history in 2024, concluding the year with positive cash flow and profitability. This momentum carried into the first quarter of 2025, which became MoonPay’s strongest quarter ever. The surge in crypto market activity and the company’s market-leading performance drove a 123% increase in transaction volume and a 43% growth in net revenue quarter-over-quarter. These figures surpassed the full-year results of 2023 and delivered higher cash profitability than all of 2024.

Keith A. Grossman, President of Enterprise at MoonPay and a lifelong New Yorker, expressed enthusiasm about the new headquarters. "New York City is the global epicenter for finance, technology, and innovation," he said. "We could not be more thrilled to establish our U.S. headquarters in this great city as our country continues to establish more clarity surrounding regulatory, legislative, banking, and accounting activity within the crypto ecosystem."

MoonPay's expansion aligns with a critical period for the U.S. crypto industry, as regulatory clarity continues to evolve. The company is actively engaged in supporting the development of a regulatory framework that fosters innovation while protecting consumers. Recently, MoonPay CEO Ivan Soto-Wright participated in the Commodity Futures Trading Commission’s (CFTC) Crypto CEO Forum, joining industry leaders from various prominent crypto firms. Additionally, Soto-Wright sent a letter to Congress supporting amendments proposed by the Conference of State Bank Supervisors (CSBS) to the STABLE and GENIUS Acts, advocating for equal recognition of state-regulated stablecoin issuers and warning against legislation that could stifle competition.

The new office in SoHo adds MoonPay to the ranks of major crypto firms with an established presence in New York City, including Coinbase, Gemini, Consensys, and Chainalysis. This strategic location will enable MoonPay to leverage the city's robust financial and technological infrastructure, further enhancing its ability to facilitate cryptocurrency transactions and drive innovation in the sector.