MoonPay Acquires Glide to Enhance MoonPay Deposits

We're excited to announce that MoonPay has acquired Glide, expanding MoonPay Deposits with Glide's deposit and payments technology. Glide's team, technology, and customers are now part of MoonPay.

Founded in 2023 by Tushar Soni and Qinyu Tong, who previously led the team behind Robinhood's crypto wallet, Glide built technology that lets apps accept crypto deposits from any token, wallet, exchange, or card. The company processes more than $100 million in annual volume across 100+ tokens and 30+ blockchain networks, backed by Y Combinator and Titan Fund.

Glide's routing layer connects any funding source to any destination, choosing between an instant relayer and bridge-and-swap routes to optimize for speed and cost. It settles cross-chain transactions instantly, even for multi-million-dollar transfers, through self-custodial escrow smart contracts that are verifiable onchain. This technology will fold into MoonPay Deposits, making it the most compliant non-custodial funding solution in the market.

Deposits are often a user's first interaction with a crypto app. Friction at this stage costs apps their users before onboarding even finishes. With Glide's technology built in, apps can offer one reliable path for users to fund their wallets with whatever token or payment method they already hold.

For MoonPay, the acquisition deepens a strategy centered on owning the full funding stack, from onramps and virtual accounts to swaps and now deposits, so partners can plug into one system instead of several.

"We built Glide so users could fund their wallets quickly with the tokens they already have and for apps to streamline their onboarding," said Tushar Soni, CEO and co-founder of Glide. "Joining MoonPay lets us combine our deposits product with everything else MoonPay offers, like ramps, virtual accounts, and swaps, and bring that to the largest apps in the world."

"Deposits are a natural starting point for new users to bring funds onto the platform," said Ivan Soto-Wright, co-founder and CEO of MoonPay. "Glide has built some of the best deposit technology in the market. Bringing their team into MoonPay accelerates our deposits strategy and puts us at the center of where this category is headed."