As the cryptographic space consolidates, Moonpay is becoming the infrastructure layer for the next web3 wave.
With more than 30 million verified users In 160 countries and a fully licensed global battery, the company is allowing everything from trustees to integrated defi experiences.
Originally launched to make wallet recharges perfect through Apple Pay and debit cards, Moonpay Now enhances the API-FIRST solutions used by almost all the main defi applications.
“We start with a simple question, how do you cover your wallet?” The CEO and co-founder of Moonpay, Ivan Soto-Wright, told Coindesk in an interview. Now it is about giving developers the tools to bring cryptography to everyday life.
Ivan Soto-Wright is talking on the main stage in consensus 2025, in Toronto on May 15.
The company is pushing towards a “headless” infrastructure model fully driven by API, where developers can connect Luna’s payment to their products as well as Stripe.
Helio, one of Moonpay’s recent acquisitions, emphasizes this trajectory. Moonpay acquired the cryptographic payment processor with Solana in January, for the $ 175 million.
Despite its size and scope, Moonpay still operates with a starting mentality. With only 300 employees, the equipment is “first execution” and focuses relentlessly on efficiency. The company saw an interannual growth of 112%, with the first quarter of 2025 marking its strongest quarter.
Moonpay wins mainly through transaction rates in cryptography purchases through debit, venmo and Apple Pay cards. But it is experimenting with commercial rates products as “balance”, which allows users to deposit cash and trade instantly.
Soto-Wright is a well-known businessman and investor, and is a member of the Fintech Advisory Council of the Milken Institute.
Before Moonpay, it was CEO and co -founder of Smart Money App Savable. He began his career at the London Redington investment firm.
COINDESK: What trends do you see in cryptography?
Soto-Wright: “Dexs will surpass CEXS, with users to demand control over their assets but wait for the soft UX of a centralized platform.”
“Moonpay’s ethos is that more cryptographic transactions should be in pairs, taking advantage of decentralized exchanges. We are seeing a general change from CEFI to Defi, with decentralized exchanges that currently dominate 30% of the market. I see that this trend continues to change over time: Defi is global and, ultimately, reduces friction and costs by eliminating the intermediary. “
How do you expect the wallet market to develop?
“The cryptocurrency wallets will eventually replace the bank accounts. Users will have multiple wallets, such as you and I have several bank accounts now. Moonpay provides the critical infrastructure of the mission to feed these wallet experiences, both of our Widgets and API of Widget.”
Does Moonpay plan to make more acquisitions in the short term?
“M&A is a great growth driver for our business. We see it as an accelerator to help us move quickly and bring more products to the market. A large part of our M&A strategy is to identify the right companies to help achieve our vision for the future of payments. An example of this is helium, which unlocks our ability to boost crypto trade for merchants.”
“We are always open to M&A,” said Soto-Wright, noting that previous acquisitions have been positive in cash since the first day. “This is the speed, scale acquiring large equipment with an acute founder mentality.”
What characteristics do customers want, better UX?
A central theme for Moonpay is the change in custody to non -custodial finances. “We believe that cryptography should be not custodial first,” said the company’s CEO.
To facilitate this change, Moonpay is developing what calls the “CEX experience in an environment.” That means abstracting the complexity of defi-wallets, utxos, compliance-in SDK and widgets easy to integrate. “Think about it how to pack the comfort of a centralized exchange and put it in your own wallet.”
What does the future reserved for Moonpay have?
While it has not yet been confirmed, a moon stable could be in the pipe.
“We are taking our time, but you can see the first signs in balance. Eventually, there could be a stable.”
Read more: Why did Moonpay and Paypal associated to expand the adoption of cryptography in the United States?
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