MoonPay acquires Helio for $175M to expand crypto payments infrastructure

Published On Jan 13, 2025, 8:00 AM

MoonPay has acquired Helio for $175 million, which will enhance its cryptocurrency payment infrastructure. The deal is expected to facilitate faster and more affordable transactions for e-commerce platforms, including Shopify and Discord. This acquisition follows recent partnerships with PayPal and Venmo, indicating an expanding foothold for MoonPay in the crypto payments space. Industry experts believe this move could set off a wave of mergers and acquisitions in the cryptocurrency sector, particularly as regulatory landscapes shift under a new administration.