MoonPay Secures $200M Credit Line

This is a Dubai news story, published by CoinGape, that relates primarily to Sneha Agrawal news.

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MoonPay Secures $200M Credit Line amid Surging Crypto Activity

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MoonPay secured a $200 million revolving credit line from Galaxy Digital on Thursday .

The deal will provide MoonPay with enhanced liquidity during events of higher volumes and higher transactions demands.

The move comes at a time when the cryptocurrency market is experiencing a resurgence, driven by institutional adoption, favorable regulatory developments, and a growing appetite for digital assets.

Sneha Agrawal is a dedicated Crypto Journalist and Editor with passion for researching and writing the crypto pieces.

She likes to keep track of political, legal and financial happenings all around the world.

CoinGape is a burgeoning blockchain and crypto media company.

It was recently awarded as the Best Crypto Media Company 2024 at Global Blockchain Show , Dubai .

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English

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