See More

Justin Bieber-Backed MoonPay Gets Irish Crypto License

2 mins
Updated by Geraint Price
Join our Trading Community on Telegram

In Brief

  • Crypto exchange MoonPay, backed by celebrities like Justin Bieber, has secured a VASP license to operate in Ireland.
  • Other exchanges like Coinbase and Gemini also opened in Ireland after securing VASP licenses, showing a growing trend.
  • With an estimated growth to 1.2 million users by 2027, Irish crypto market offers significant opportunities for exchanges.
  • promo

Celebrity-backed crypto exchange MoonPay has been awarded an Irish Virtual Assets Service Provider (VASP) license.

According to the official announcement, MoonPay can now facilitate an exchange between fiat and crypto or vice versa with a VASP registration in Ireland.

MoonPay Enters Ireland a Year After Raising Funds From Celebrities 

Last year, it raised over $86 million from celebrities such as Justin Bieber, Snoop Dogg, Paris Hilton, Ashton Kutcher, Matthew McConaughey, Bruce Willis, Gwyneth Paltrow, and Steve Aoki.

Click here to learn more about fiat onramps.

MoonPay is not the only crypto exchange eyeing expansion in Ireland. Last year, Coinbase also secured a VASP license to serve retail and institutional customers in the country. Before that, in July 2022, Gemini became the first exchange to register as a VASP in Ireland.

The development comes as around one-fifth of Irish young adults prefer crypto investments. 

According to Statista, there were 692,000 crypto users in Ireland in 2022. However, the figure is estimated to almost double by 2027, with around 1.2 million users.

Crypto users in Ireland. Source: Statista
Crypto users in Ireland. Source: Statista

Got something to say about MoonPay Ireland or anything else? Write to us or join the discussion on our Telegram channel. You can also catch us on TikTok, Facebook, or X (Twitter).

For BeInCrypto’s latest Bitcoin (BTC) analysis, click here.

Top crypto projects in the US | April 2024



In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.

Harsh Notariya
Harsh Notariya excels in delivering SEO-optimized crypto news under tight deadlines. Previously, as a Growth Marketer at Sporty and a Community Consultant at Totality Corp, he significantly boosted community engagement and followers. Harsh also crafted engaging content for top crypto influencer Shivam Chhuneja, blending meme references for an educational yet fun experience. His versatile skills make him a notable figure in crypto journalism.