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MoonPay, a leading cryptocurrency platform, has secured a New York Trust Charter from the New York Department of Financial Services (NYDFS). This approval allows MoonPay to launch crypto custody and over-the-counter (OTC) trading services in New York, significantly expanding its regulated offerings in the state. With this dual license, MoonPay joins the ranks of elite crypto companies like Coinbase and Ripple, further strengthening its position in the institutional crypto market. The move is part of MoonPay's broader push to boost regulated financial infrastructure in the cryptocurrency space.

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