MoonPay secures New York limited purpose trust charter

MoonPay has obtained a Limited Purpose Trust Charter from the New York State Department of Financial Services (NYDFS), allowing it to provide cryptocurrency custody and over-the-counter trading services in the state, Eleanor Terrett reported. The company now holds both a BitLicense and a Limited Purpose Trust Charter, a distinction held by only a few crypto firms, including Coinbase, PayPal, and Ripple.