MoonPay's Glide deal is really about deposits, not deal count. If users can't move money into an app without losing it on the wrong chain, crypto's next growth story still starts with a support ticket.
The deal, announced July 16, brings Glide's four-person team into MoonPay and folds its technology into MoonPay Deposits. Glide was founded in 2023 by Tushar Soni and Qinyu Tong. The two had worked together on the team behind Robinhood Wallet, and they left with a useful scar: users kept trying to fund wallets from the wrong chain, the wrong token, an exchange, or a card, then hitting bridges and swaps they didn't understand. That is not a small UX bug. It is where people give up.
What Glide built is a routing layer, not a wallet and not an exchange. When you try to fund an app from wherever your crypto happens to sit, Glide picks a route across chains and tokens so the app receives what it needs. According to The Block, MoonPay said Glide supports more than 100 tokens across 30 blockchain networks and processes more than $100 million in annualized transaction volume. That's a real business, not a prototype.
The Block also reported that the transaction was all-equity, with financial terms undisclosed, and that Glide co-founder and CEO Tushar Soni said all four employees are joining MoonPay. Glide had backing from Y Combinator, Titan Fund and other investors. The technology is being integrated into MoonPay Deposits, which MoonPay says is already used by Wallet in Telegram, Moonshot and Paysafe.
MoonPay is buying a stack
Six acquisition announcements in one year is an aggressive pace by any standard. Before Glide, MoonPay bought Sodot for key management, Decent for cross-chain routing and liquidity, DFlow for Solana trading infrastructure, Entendre for AI accounting, and Dawn Labs for trading technology. That is a lot to absorb. It also shows you exactly where MoonPay thinks the money is moving.
The fiat-to-crypto onramp that made MoonPay familiar, connecting card payments to crypto wallets, is now only one layer in a broader infrastructure pitch. MoonPay says it serves more than 30 million customers across 180 countries and supports more than 500 enterprise customers. Those numbers matter because infrastructure only works as a business if it has distribution. MoonPay has that part.
The competition is not sleepy. Coinbase Developer Platform offers wallets, payments, stablecoin tools and trading infrastructure from one developer surface. Stripe completed its Bridge acquisition in February 2025 after agreeing to buy the stablecoin infrastructure startup in a deal widely reported at $1.1 billion. Robinhood has kept expanding the crypto surface inside its own app, including after its Bitstamp deal closed in 2025. The fight is not really over which wallet people prefer. It is over whose pipes sit underneath the apps they use.
The deposit problem is the product
Crypto people often understate how maddening deposits are for ordinary users. Someone sends USDC on Ethereum when the app expects funds on Solana. The money is stuck, missing, or recoverable only after a support thread nobody wanted to open. For a trader, that is friction. For a normal customer, it feels like the product broke.
Soni told Cointelegraph that Glide began with a plan to build wallet infrastructure for Web3 consumer startups, but work with those startups showed that users struggled just to get money into wallets. That is the point MoonPay is buying. The goal is to make the bridge disappear from the deposit flow entirely - users move money in, the routing happens out of sight.
MoonPay CEO Ivan Soto-Wright told Cointelegraph that every acquisition this year has added another infrastructure layer for digital assets: moving money, securing it, trading it and accounting for it. He said Glide addresses one of crypto's persistent failure points - users losing funds after sending the wrong token on the wrong chain. That checks out. You don't need a grand theory here. You need fewer failed deposits.
There is a hard part now. Buying Sodot, Decent, DFlow, Entendre, Dawn Labs and Glide gives MoonPay a menu of capabilities, but customers will judge the finished system, not the acquisition list. Integrating key management, routing, trading and accounting into products that developers actually trust is slow work. It is also where acquisition sprees become real companies or expensive slide decks.
For now, Glide closes a gap that mattered. Getting money into a crypto app from wherever it happens to live, without asking the user to understand bridge routes, is basic functionality the industry should have fixed years ago. MoonPay just bought a team that had already done the work.
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