MoonPay has finalized its acquisition of Glide, a Y Combinator-backed crypto deposits startup, in an all-equity transaction that brings Glide’s four-person team into MoonPay and expands the payment company’s infrastructure for moving funds between wallets, cards, tokens and blockchain networks.
The deal, confirmed by Glide co-founder and CEO Soni, closed after talks that began late last year. Financial terms were not disclosed. Soni said all four members of Glide’s team will join MoonPay as part of the transaction.
Founded in 2023 by Soni and Tong, both of whom previously worked on Robinhood’s crypto wallet, Glide developed technology that allows applications to accept deposits from nearly any token, wallet or card. The company has been backed by Y Combinator, Titan Fund and other backers, although the amount of capital raised has not been made public.
MoonPay plans to fold Glide’s infrastructure into MoonPay Deposits, a product already used by apps including Wallet in Telegram, Moonshot and Paysafe. Glide’s more than 50 business clients will now be served through MoonPay’s platform, according to Soni.
The acquisition adds another piece to MoonPay’s push to control more of the digital payments stack, from user onboarding and deposits to routing, execution and back-end financial tools. It is also the company’s sixth acquisition announcement of 2026, following deals for businesses focused on key management, trading execution and AI-based financial software.
What Glide brings to MoonPay
Glide operates across more than 100 tokens and 30 blockchain networks. It processes more than $100 million in annualized transaction volume, according to the company.
Its core technology is designed to determine the most efficient and least expensive path for moving assets across different blockchain networks. In practice, that means an app using Glide can accept a deposit even when a user’s funds are spread across different tokens, wallets or chains. The software then handles routing behind the scenes.
That function has become increasingly important as the digital asset market has grown more fragmented. Traders often hold assets across several wallets and networks, while many consumer apps still require users to complete multiple steps before funds can be deposited. Those steps can include bridging tokens, converting assets, approving smart contracts and confirming transactions on separate websites.
Glide’s system is intended to reduce that friction. Its routing tools search for a cheaper or faster path, while its smart contracts are built so users retain control of their funds during the process. That design matters in a market where custody, permissions and transaction security remain central concerns for both app developers and users.
For MoonPay, the technology may help make deposits feel more like a standard payment experience. Instead of asking users to leave an app, connect to third-party tools or manually move assets from one chain to another, MoonPay could offer a more direct deposit flow inside the apps it supports.
Why the deal matters
The purchase reflects a broader shift in digital asset infrastructure. Payment companies are no longer focused only on letting users buy crypto with cards or bank transfers. They are trying to manage the full path of funds, including deposits, swaps, network routing, settlement and withdrawals.
That effort is partly a response to how complex the crypto market has become. Thousands of tokens now trade across numerous blockchains, each with different fees, speeds and user habits. For app developers, accepting crypto deposits is not as simple as supporting one coin or one wallet. They must account for multiple chains, changing liquidity conditions and the risk that users may send the wrong asset to the wrong address.
Routing technology helps solve part of that problem. If the software can identify the best route automatically, applications can support a wider range of deposits without forcing users to understand the technical details. That can be especially useful for mainstream apps, where users may not want to manage bridges, gas tokens or chain-specific fees.
The Glide acquisition also gives MoonPay access to a specialized engineering team with direct experience in wallet infrastructure. Soni and Tong’s background at Robinhood’s crypto wallet gives the team experience in building products for a broad audience, not just for technical users.
A growing acquisition strategy
MoonPay has been active in dealmaking as it expands beyond its original role as a crypto on-ramp provider.
The company’s earlier acquisitions include Nightshift, Helio, Iron and Meso. In 2026, it announced purchases of Sodot, Decent, DFlow, Entendre and Dawn Labs before the Glide deal. Those companies cover a wide range of functions, including key management, payment tools, trading execution and AI-driven financial operations.
The Glide transaction was handled internally by both companies, with no external corporate development advisers involved.
The pace of acquisitions suggests MoonPay is trying to assemble infrastructure that can support more complex digital asset activity inside consumer and business apps. Rather than relying on outside providers for every layer of the process, the company is bringing more technology in-house.
That strategy may give MoonPay more control over pricing, reliability and user experience. It could also make the company more attractive to app developers that want a single provider for deposits and payments across multiple chains.
At the same time, integrating several acquired companies can be difficult. Each tool must fit into MoonPay’s existing systems, comply with the company’s regulatory standards and work reliably at scale. The success of the Glide deal will depend not only on the quality of the routing technology, but also on how smoothly MoonPay can combine it with MoonPay Deposits.
Market backdrop
The acquisition comes during a busy year for digital asset mergers and acquisitions. Corporate deals across the sector have reportedly topped $9 billion in 2026, showing that well-capitalized companies are using acquisitions to strengthen their positions while the market matures.
The deal activity is tied to a practical need. Crypto remains highly fragmented, and companies that can simplify movement between tokens, wallets and blockchain networks may gain a stronger role in the next phase of growth. Payment firms, wallet providers and app developers all face the same basic challenge: users want faster and cheaper ways to move money without navigating complicated technical steps.
Broader market activity has also been strong. Global spot trading volume reached about $2.7 trillion in the first quarter of 2026, while the total market value of digital tokens has been near $2.4 trillion. Those figures point to a large base of activity that depends on reliable deposits, withdrawals and settlement.
For traders who move assets frequently, deposit infrastructure can affect costs and timing. Network fees can rise during busy periods, and manual transfers across chains can create delays or errors. Better routing technology may reduce some of those problems by finding a lower-cost path automatically.
However, faster deposits do not eliminate the risks connected to digital assets. Users still need to understand wallet permissions, app security and the possibility of failed transactions during periods of network congestion. Companies offering automated routing also need to make clear how funds move, where fees are charged and what happens if a transaction is interrupted.
What changes for apps and users
MoonPay is expected to integrate Glide into MoonPay Deposits, which means the most immediate changes are likely to appear inside applications already using that product.
Apps such as Wallet in Telegram, Moonshot and Paysafe are examples of platforms where smoother deposit flows could matter. If Glide’s infrastructure is fully integrated, users may be able to fund accounts from a wider range of tokens and wallets without leaving the app or managing multiple manual steps.
That could be particularly relevant for stablecoin transfers. Stablecoins are widely used for payments, trading and moving funds between platforms, but they exist across many blockchain networks. A user holding a stablecoin on one chain may need to deposit funds into an app that supports another chain. Routing technology can help bridge that gap in the background.
For app developers, the benefit is potentially broader acceptance. If an application can support deposits from more wallets and tokens, it may reduce failed onboarding attempts and increase transaction completion rates. For users, the benefit is mostly convenience and potentially lower fees.
Still, the impact will depend on implementation. If routing is not transparent, users may have questions about where their funds are moving and which fees apply. If the system depends on multiple smart contracts or third-party liquidity sources, reliability will be tested during high-volume market conditions.
The push for payment infrastructure
MoonPay’s latest acquisition also highlights a larger business trend: payment companies want to own more of the “plumbing” behind digital finance.
In the earlier stages of the crypto market, many companies focused on a single service, such as buying tokens with a debit card, holding assets in a wallet or swapping one coin for another. As the market has grown, those services have started to merge. Users now expect apps to handle deposits, conversions, transfers and withdrawals without requiring them to understand the technical structure behind each step.
That has made infrastructure companies more valuable. A small team that can solve routing, custody or settlement problems may be attractive to a larger platform with an established customer base. The buyer gets technology and talent, while the smaller company gains distribution and regulatory support.
MoonPay’s funding history gives it the resources to pursue that strategy. The company raised $555 million in a Series A round in 2021, reaching a valuation of $3.4 billion at the time. It later secured a $200 million revolving credit line. MoonPay has also said it ended 2024 profitable and cash-flow positive, with net revenue growing 112% year over year.
Those figures help explain why the company is able to keep buying smaller infrastructure businesses. Profitability and access to credit can support acquisitions even when market conditions change.
What to watch next
The key question is how quickly MoonPay can turn Glide’s technology into visible product changes.
If the integration works as planned, apps using MoonPay Deposits may begin offering broader deposit support, faster routing and fewer steps for users moving funds from one chain to another. That could make MoonPay’s platform more competitive with other payments and wallet infrastructure providers.
The deal also increases pressure on rivals to improve their own deposit systems. As more digital asset activity moves into mobile apps, games, payment platforms and embedded financial products, the companies that reduce friction may gain an advantage.
For traders, the practical impact will likely show up in fees, deposit speed and supported assets. The most important signs to watch will be whether apps add more token and wallet support, whether cross-chain deposits become simpler, and whether routing tools perform reliably during busy market periods.
MoonPay’s purchase of Glide is not a headline-grabbing consumer product launch. It is a back-end infrastructure deal. But in digital assets, the back end increasingly shapes the front-end experience. If the company can make deposits cheaper, faster and less confusing, the acquisition could strengthen MoonPay’s role in the payment layer connecting traditional finance, wallets and open blockchain networks.
Learn how AI is reshaping crypto finance—explore our guide on AI in banking and fintech today.
Disclaimer: The content on this page is provided for general informational purposes only and does not represent the views or financial advice of Toobit. We make no guarantees regarding the accuracy or completeness of this information and shall not be held liable for any errors, omissions, or outcomes resulting from its use. Investing in digital assets involves risk; users should independently evaluate their financial situation and the risks involved. For further details, please consult our Terms of Service and Risk Disclosure.
