MoonPay Acquires Glide to Streamline Crypto Deposits

Steady attention without excessive speculation.

So this marks MoonPay’s sixth acquisition of 2026, and it slots Glide straight into MoonPay Deposits. The announcement went out at 13:03 UTC through MoonPay’s official account on X. Glide’s full four-person team is joining too, and that includes both co-founders.

Why MoonPay Acquired Glide

Crypto onboarding breaks in a familiar way. Users hold funds on the wrong chain, in the wrong token, on an exchange, or on a card. As a result, every deposit forces bridges, swaps, and repeated sign-ups, and many users simply drop off.

Glide targets exactly that friction. Its tools let apps pull in deposits from almost any source, so users can fund a wallet in one or two clicks. According to reporting from The Block, Glide has served more than 50 business customers with this approach.

Glide comes out of Y Combinator’s Summer 2023 batch, and it launched the same year in New York City. Titan Fund and Y Combinator back the company. Soni and Qinyu Tong founded it after Soni’s stint at Robinhood.

MoonPay Deposits already powers apps that users know. The list includes Wallet in Telegram, the trading app Moonshot, and payments firm Paysafe. Now Glide’s routing feeds directly into that same product.

How Glide’s Deposit Technology Works

Apps plug Glide in through a lightweight widget or a headless SDK. Then a routing engine reads the user’s source and target, and it picks the cheapest and fastest path. Because of that, users never have to bridge or swap by hand.

The system also handles gas. So users can make gasless deposits without holding a native token first. It currently supports more than 100 tokens across 30-plus blockchains, and it can route through both exchanges and cards.

Every deposit settles through self-custodial smart contracts. Users keep control the whole time, and they receive a block-explorer link once the transfer lands. Glide also reports annualized transaction volume above $100 million.

That abstraction matters for conversion. Funding drop-off ranks among the biggest UX killers in wallets, games, and betting apps. So when users can deposit whatever they already hold, more of them finish onboarding.

Inside MoonPay’s 2026 Acquisition Spree

MoonPay has bought aggressively all year, and Glide fits a clear pattern. In April, it acquired Sodot for roughly $100 million in equity to anchor its key-management stack. Then in May, it added Decent.xyz for cross-chain routing and DFlow for Solana execution.

Earlier deals set the foundation. MoonPay bought Helio in January 2025, reportedly for $175 million, and later rebranded it as MoonPay Commerce. It also picked up Meso in September 2025, plus Entendre and Dawn Labs for AI tooling this year.

MoonPay itself launched in 2019, and it now ranks among the largest crypto payment providers. The company raised a reported $555 million Series A in 2021 at a roughly $3.4 billion valuation. Backers include Tiger Global, Coatue, Paradigm, and Thrive Capital.

What the Founders Said About the Deal

MoonPay CEO Ivan Soto-Wright tied the purchase to the company’s broader plan. He told Cointelegraph that Glide “addresses one of the biggest pain points in crypto transfers: users losing funds because they send the wrong token on the wrong chain.”

Soto-Wright also placed the deal in a yearly arc. Every acquisition this year has added a layer of infrastructure, he told Cointelegraph, for “moving money, securing it, trading it, accounting for it.” He argued that future platforms must make such complexity invisible.

Glide co-founder and CEO Tushar Soni framed the move as a scale-up. He said joining MoonPay lets the team pair its deposits product with ramps, virtual accounts, and swaps. Soni previously led tech on the Robinhood Crypto Wallet.

Soni also described the old status quo bluntly. Funds sat “on the wrong chain, in the wrong token, on an exchange, or on a card,” he said, and “every deposit meant bridges, swaps, and drop-offs.” Co-founder Qinyu Tong joins him at MoonPay.

Questions the Glide Deal Leaves Open

Plenty stays unclear for now. MoonPay has not shared a dollar value, an integration timeline, or a product roadmap for Glide. It also has not said whether the Glide brand survives or folds fully into MoonPay Deposits.

The pace invites some skepticism too. A sixth deal in one year could strain integration bandwidth, and small tuck-ins do not always deliver the promised synergy. Still, no prominent critic has pushed back on this deal so far.

The broader payments race keeps heating up. Coinbase and Circle both push deeper into stablecoin rails and onboarding. So MoonPay’s deposit upgrade lands in an increasingly crowded field.

Competitively, the move pressures pure-play rivals such as Ramp and Transak. So watch how quickly MoonPay ships Glide-powered deposits to large apps. For builders, the real test is simple, because onboarding either gets easier or it does not.