MoonPay has acquired Glide, a startup enabling applications to accept crypto deposits from any token, wallet, exchange or card, in an all-equity transaction. Glide co-founder and CEO Tushar Soni told The Block that discussions began late last year and the transaction has now closed, though he declined to disclose the deal size. The acquisition brings Glide's cross-chain deposit technology and four-person team into MoonPay, addressing onboarding friction in crypto applications where users currently must manually bridge or swap assets across blockchains.
MoonPay Completes All-Equity Acquisition of Y Combinator-Backed Glide
The transaction was structured as an all-equity deal, with Soni declining to disclose the size. Glide was founded in 2023 by Soni and Qinyu Tong, who previously worked together on the team that built Robinhood's crypto wallet. MoonPay said Glide is backed by Y Combinator, Titan Fund and other investors, though Soni declined to disclose how much Glide has raised to date. All four Glide employees, including the two co-founders, are joining MoonPay. The companies handled corporate development for the transaction in-house without external legal or financial advisors, Soni said.
Glide Processes Over $100 Million Annually Across 100+ Tokens
Glide developed technology that lets apps accept crypto deposits without requiring users to manually bridge or swap assets 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 company said its routing technology automatically chooses the fastest and lowest-cost way to move funds across blockchains. Deposits are handled through self-custodial smart contracts that allow users to keep control of their assets while making transactions verifiable onchain. Glide served more than 50 business customers, and those customers will now be served by MoonPay, Soni told The Block, declining to identify any customers by name.
Glide Technology Integrates Into MoonPay Deposits Product
MoonPay said Glide's technology will be integrated into MoonPay Deposits, the company's existing product used by apps including Wallet in Telegram, Moonshot and Paysafe. "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."
MoonPay Executes Sixth Acquisition of 2026
The acquisition marks MoonPay's sixth acquisition announcement of 2026, following Sodot (key management, forming the basis of MoonPay Institutional), Decent and DFlow (which became MoonPay Trade), Entendre (AI accounting agents), and Dawn Labs (AI-native trading infrastructure). MoonPay's other acquisitions to date include Nightshift (renamed Otherlife), Helio (renamed MoonPay Commerce), Iron (stablecoin infrastructure), and Meso (bank-to-crypto payments). MoonPay is backed by investors and celebrities including Tiger Global Management, Coatue, Justin Bieber, and Paris Hilton. The company raised a $555 million Series A equity round in 2021 at a $3.4 billion valuation. Last year, MoonPay also secured a $200 million revolving credit line from Galaxy, saying it ended 2024 cash-flow positive and profitable after achieving 112% year-over-year net revenue growth.
FAQ
What did MoonPay acquire from Glide?
MoonPay acquired Glide's cross-chain crypto deposit technology and its four-person team in an all-equity transaction. Glide's technology lets applications accept crypto deposits from any token, wallet, exchange or card without requiring users to manually bridge or swap assets across blockchains.
How much transaction volume does Glide process?
MoonPay said Glide processes more than $100 million in annualized transaction volume across more than 100 tokens and 30 blockchain networks. The company's routing technology automatically chooses the fastest and lowest-cost way to move funds across blockchains.
