MoonPay Acquires Helio on Solana Blockchain for $175 Million, Aiming to Rival Coinbase Commerce

Jan 13, 2025, 01:28 PM

MoonPay, a financial technology company focused on cryptocurrency infrastructure, has acquired Helio, a blockchain payment processor launched on the Solana blockchain in 2022, for $175 million. This acquisition, MoonPay's largest to date, aims to expand its crypto payments infrastructure by integrating Helio's technology, which enables crypto transactions on e-commerce platforms such as Shopify and Discord. Helio has been recognized for its on-chain payment solutions and is seen as a move by MoonPay to rival Coinbase Commerce in the crypto payment sector.