Report: NYSE Owner ICE Eyes Investment in Crypto Payments Firm Moonpay

Mike McGlone, a senior commodity strategist at Bloomberg Intelligence, has issued a warning about a potential market downturn, likening it to a 'hurricane' expected in 2026. This forecast reflects growing concerns about the stability of the cryptocurrency market, particularly as Bitcoin's long-term trends show signs of weakness.

The Intercontinental Exchange, the parent company of the New York Stock Exchange (NYSE), is reportedly in discussions to invest in the cryptocurrency company MoonPay. This potential investment follows a significant $2 billion investment by the Intercontinental Exchange in the prediction platform Polymarket in October, indicating a strategic interest in expanding its footprint in the cryptocurrency sector.

The Intercontinental Exchange (ICE), which owns the New York Stock Exchange (NYSE), is reportedly in discussions to invest in the cryptocurrency payments firm MoonPay, which is aiming for a valuation of $5 billion and has recently enhanced its regulatory compliance in New York.

Bitwise has projected a significant influx of cryptocurrency exchange-traded products (ETPs) in 2026, attributing this expectation to streamlined approval processes by the SEC. However, Bloomberg analyst James Seyffart cautioned that many of these new products may face challenges in achieving long-term viability.