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.