Cryptocurrency Q&A Is moonpay a Cex or a licensed cryptocurrency broker?

Is moonpay a Cex or a licensed cryptocurrency broker?

QuasarPulse QuasarPulse Tue Jan 28 2025 | 6 answers 1922
I'm trying to understand if MoonPay is considered a centralized exchange (Cex) or if it's a licensed cryptocurrency broker. I'm confused about its classification and the services it provides in the cryptocurrency space. Is moonpay a Cex or a licensed cryptocurrency broker?

6 answers

Davide Davide Thu Jan 30 2025
Contrary to widespread perceptions, MoonPay does not fall into the category of a centralized exchange (CEX) or a licensed cryptocurrency broker.

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Carlo Carlo Thu Jan 30 2025
Instead, MoonPay operates as a cryptocurrency payment processing platform, offering a unique service in the market.

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BlockchainVisionary BlockchainVisionary Thu Jan 30 2025
MoonPay facilitates the purchase of cryptocurrencies using traditional payment methods.

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MysticGlider MysticGlider Thu Jan 30 2025
MoonPay holds a distinct position in the cryptocurrency landscape.

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Rosalia Rosalia Thu Jan 30 2025
Users can leverage credit and debit cards, as well as fiat currencies, to buy crypto through MoonPay's payment service.

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