Share this article
MoonPay Takes ‘Sizable’ Stake in Crypto Banking Provider BCB Group
Terms of the deal between the two London-based firms were not disclosed.
By Ian Allison
Updated May 9, 2023, 3:20 a.m. Published Jun 22, 2021, 8:00 a.m.
Cryptocurrency payments app MoonPay has entered into a strategic partnership with BCB Group, a business-to-business provider of banking rails to crypto companies.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The partnership involves MoonPay acquiring a “sizable” stake in BCB Group, the companies said, stressing the arrangement does not fall within the category of M&A. Details of the deal between the two London-based firms were not disclosed.
Maintaining reputable and reliable banking relationships remains one of the big challenges facing crypto businesses. BCB Group, which has banking arrangements with U.K.-based ClearBank, provides accounts and payments processing for the likes of Bitstamp, Coinbase, Galaxy, Gemini, Huobi and Kraken.
Read more: Crypto Trading Firm BCB Group Raises $4.5M to Snag More Regulatory Licenses
MoonPay provides an API that takes care of various know-your-customer and anti-fraud requirements for retail-facing businesses, creating crypto-to-fiat on- and off-ramps for 80 or so cryptocurrencies around the globe. In March of this year, MoonPay hired former Coinbase UK CEO Zeeshan Feroz as its chief growth officer.
“The two companies combined are actually a force to be reckoned with,” Feroz told CoinDesk in an interview, adding:
“MoonPay does that last mile of everything a business needs, and BCB sits behind that in terms of the payments and banking rails. Bringing the two businesses closer together, we could align a growth strategy that naturally benefits both businesses.”
BCB will continue to focus on the heavy lifting of banking infrastructure, while MoonPay brings expertise in highly scalable crypto-native payments processing, said BCB Group CEO Oliver von Landsberg-Sadie.
Read more: Former Coinbase UK Chief Joins Crypto Payments Company MoonPay
“We're specialists on the business-to-business side, and they’re specialists in business-to-consumer,” Landsberg-Sadie said in an interview. “But the depth of infrastructure that we're both building is so closely aligned, that we’re now able to service that full B2B2C chain together.”
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Crypto Firm Tether Says It Wants to Take Over Italian Football Club Juventus
The issuer behind the most popular stablecoin said that if the bid succeeds, it prepares to invest $1 billion in the football club.
What to know:
- Tether said it aims to take over popular Italian football club Juventus FC.
- The firm proposed to acquire Exor's 65.4% stake in an all-cash offer, and intends to make a public offer for the rest of the shares.
- Tether reported net profits exceeding $10 billion this year, while its flagship token USDT is the world's dominant stablecoin with a $186 billion market capitalization.
Top Stories
