MoonPay acquires Helio for $175m to boost crypto offerings

Crypto payments giant MoonPay has acquired Solana-based payment processor Helio.

Helio, known as Solana’s (SOL) leading payment processor, has powered over $1.5 billion in transactions in just three years.

According to Fox Business, the acquisition cost MoonPay approximately $175 million. The deal will allow MoonPay to integrate Helio’s technology, further strengthening its position as a bridge between traditional finance and decentralized finance.

MoonPay operates as a global crypto payments platform that enables users to buy, sell, and manage digital assets. The platform has gained significant traction during the ongoing bull market.

MoonPay’s recent partnerships

Last year, MoonPay formed partnerships with PayPal and Venmo, allowing users to purchase cryptocurrencies through traditional payment services. The platform also supports crypto payments on e-commerce sites like Shopify and social platforms like Discord.

These collaborations have simplified onboarding for new users, allowing seamless crypto purchases and interaction with DeFi applications and NFTs.