Celebrating 5 years of MoonPay
Looking back at some of our achievements from the past year.
By Geoffrey Lyons
This year MoonPay celebrates its five-year anniversary–a major milestone on our journey to unlock digital ownership for everyone. Last year we published a history of the company from its 2019 founding to the start of 2023, so here’s a brief recap of what’s happened since then.
Further reading: From widget to Web3 infrastructure: Celebrating four years of MoonPay
20 million customers
That’s right: 20 million–a remarkable milestone and a 40%+ increase from the previous year.
This achievement reflects our unwavering commitment to meeting the evolving needs of our growing customer base. Hitting the 20 million mark has motivated us more than ever to continue delivering excellence and pushing the boundaries of what's possible.
Here's to the next 20 million!
Products galore
Our Product and Engineering team has been heads down building. In 2023 MoonPay shipped 45 new products and features, including:
- The MoonPay App, an all-in-one solution for buying crypto on the go
- MoonPay Sell, which gives users the ability to sell crypto
- Analytics, which provides our partners with a full view of customer metrics
- Swaps (on the MoonPay app), which enables users to swap between 1,500 trading pairs
We also revamped our Checkout experience, improving how users can purchase digital collectibles.
Coalition building
You could say we’ve made a few new friends.
In 2023 we signed over 120 new partners, including Web3 companies like Magic Eden, Airtm, and PancakeSwap, as well as leading enterprise brands like adidas, Christie's, Gucci, Flamengo, Mastercard, Nike, Puma and The Howard Hughes Corporation.
This year we also announced our partnership with PayPal. Unlike other PayPal integrations that limit purchases to PYUSD or ETH, PayPal users now have the freedom to buy and sell 110+ cryptocurrencies using MoonPay.
Security first
We’ve done a lot to strengthen our security posture.
In 2023 we successfully completed our PCI Level 1 (the best payment security standard with respect to credit card information), our ISO 27001 (considered the “gold standard'' for IT security management), and our SOC2 Type 1 (ensuring compliance with stringent data security standards).
We have also expanded our global regulatory footprint, resulting in a total of 44 MTLs in the US (including our latest approval in Louisiana), as well as registrations in the UK, Ireland, Italy, Liechtenstein, and Canada.
Onwards and upwards
We’ve come a long way since our 2019 founding. MoonPay’s first recorded transaction was a €20 ETH purchase. It would have been unthinkable then that just five years later we’d have over 20 million customers. We also continue to hit new peaks: a few months ago we closed our strongest quarter, achieving both record revenue and record volume.
Our sights are now set squarely on the remainder of 2024 and beyond. Here’s to the next five years of MoonPay!
