Why Is MoonPay Buying Glide?
MoonPay has acquired Glide, a Y Combinator-backed crypto deposits startup, in an all-equity transaction that brings Glide’s technology and four-person team into the company.
Glide lets applications accept crypto deposits from any token, wallet, exchange, or card without requiring users to manually bridge or swap assets across blockchains. The deal adds another infrastructure layer to MoonPay’s payments stack as the company continues to expand beyond fiat-to-crypto ramps into deposits, swaps, trading, commerce, institutional services, and stablecoin infrastructure.
The companies began discussing the acquisition late last year, and the transaction has now closed. Glide co-founder and CEO Tushar Soni declined to disclose the size of the deal. Glide’s full team, including co-founders Soni and Qinyu Tong, will join MoonPay.
Founded in 2023, Glide was built by former members of the team that developed Robinhood’s crypto wallet. MoonPay said the startup is backed by Y Combinator, Titan Fund, and other investors. Soni declined to disclose how much the company had raised.
How Does Glide Fit Into MoonPay’s Payments Strategy?
Glide’s core product targets one of crypto’s most persistent onboarding problems: users often hold assets on different wallets, exchanges, and blockchains, while applications want a simpler way to accept deposits. In practice, that can require manual swaps, bridging, or network selection before a user can fund an account or complete a transaction.
Glide’s routing technology is designed to remove that friction by automatically choosing the fastest and lowest-cost way to move funds across blockchains. MoonPay said Glide supports deposits and payments across more than 100 tokens and 30 blockchain networks and processes more than $100 million in annualized transaction volume.
The deposits are handled through self-custodial smart contracts, allowing users to keep control of their assets while making transactions verifiable onchain. That structure gives MoonPay a product that can serve consumer apps, wallets, exchanges, and payment platforms seeking broader crypto funding options without forcing users through a complex cross-chain process.
MoonPay plans to integrate Glide’s technology into MoonPay Deposits, its existing product used by apps including Wallet in Telegram, Moonshot, and Paysafe. Glide served more than 50 business customers, and those customers will now be served by MoonPay.
Investor Takeaway
The acquisition shows MoonPay using deals to turn its payments platform into a broader crypto transaction layer. Glide adds deposit routing and cross-chain funding technology, which can help MoonPay serve apps that need users to move value quickly across tokens, wallets, and networks.
Why Does This Deal Matter For Crypto Apps?
For consumer crypto apps, deposit friction can directly affect conversion. A user may want to fund a wallet, trading account, payment app, or onchain product but abandon the process if the required token is on the wrong chain or sitting in the wrong wallet. Glide’s technology gives applications a way to abstract that complexity while still supporting a wide range of assets and networks.
“We built Glide so users could fund their wallets quickly with the tokens they already have and for apps to streamline their onboarding,” Soni said. “Joining MoonPay lets us combine our deposits product with everything else that MoonPay has to offer like ramps, virtual accounts, and swaps, and bring that to the largest apps in the world.”
The quote points to the commercial logic of the deal. MoonPay already offers ramps and other transaction services, but Glide gives it a more direct role in crypto-native deposits. That matters as apps increasingly compete on user experience rather than only token access or trading features.
MoonPay and Glide handled corporate development for the transaction in-house without external legal or financial advisers, Soni said.
What Does MoonPay’s Acquisition Pace Signal?
The Glide deal is MoonPay’s sixth acquisition announcement of 2026. Earlier deals included Sodot, which formed the basis of MoonPay Institutional; Decent and DFlow, which became MoonPay Trade; Entendre, focused on AI accounting agents; and Dawn Labs, focused on AI-native trading infrastructure.
MoonPay’s previous acquisitions also include Nightshift, renamed Otherlife; Helio, renamed MoonPay Commerce; Iron, focused on stablecoin infrastructure; and Meso, focused on bank-to-crypto payments. The pace shows a clear strategy: acquire specialized teams and infrastructure, then fold them into a wider transaction platform.
The company has the balance sheet history to support that expansion. MoonPay raised a $555 million Series A equity round in 2021 at a $3.4 billion valuation. It also secured a $200 million revolving credit line from Galaxy last year, saying it ended 2024 cash-flow positive and profitable after 112% year-over-year net revenue growth.
For investors and partners, the question is whether MoonPay can integrate these acquisitions into a coherent product stack rather than a collection of separate tools. Glide strengthens the deposits side of that strategy, giving MoonPay more control over how users move crypto into applications before they trade, pay, swap, or access other financial services.