--- title: "MoonPay Acquires Glide in All-Equity Crypto Deposits Deal" date: 2026-07-16 author: "Kathleen Kinder" featured_image: "https://coinlaw.io/wp-content/uploads/2026/07/moonpay-acquires-glide-crypto-deposit-startup.jpg" categories: - name: "Investments" url: "/investments.md" tags: - name: "News" url: "/tag/news.md" --- # MoonPay Acquires Glide in All-Equity Crypto Deposits Deal MoonPay has acquired Glide, a Y-Combinator-backed crypto deposits startup, in an all-equity deal announced on 16th July 2026. All four of Glide’s employees, including both co-founders, are joining MoonPay. ## Key Takeaways - MoonPay acquired crypto deposits startup Glide in an all-equity transaction, and neither company disclosed the deal value. - Glide processes more than $100 million in annualized transaction volume across more than 100 tokens and 30 blockchain networks. - Tushar Soni and Qinyu Tong founded Glide in 2023 after working together on Robinhood’s crypto wallet team. - Glide’s technology moves into MoonPay Deposits, the product already used by Wallet in Telegram, Moonshot and Paysafe. - MoonPay has now announced six acquisitions in 2026, following Sodot, Decent, DFlow, Entendre and Dawn Labs. ## What Happened? MoonPay bought Glide outright and folded the startup’s technology and staff into the company. Soni, Glide’s co-founder and CEO, said the transaction was all-equity and declined to disclose its size. The two companies opened talks late last year and closed the deal without external legal or financial advisors, Soni said. Both sides ran corporate development in-house. Glide brought four people to the table, Soni and co-founder Qinyu Tong among them. The pair built Glide in 2023 after working together on the team behind Robinhood’s crypto wallet. MoonPay named Y-Combinator and Titan Fund as backers, and Soni declined to say how much the startup had raised. > MoonPay has acquired Glide, a Y Combinator-backed crypto deposits startup, in an all-equity deal. Terms undisclosed. > > All four employees, including both co-founders, join [@moonpay](https://x.com/moonpay?ref_src=twsrc%5Etfw) . Glide processes more than $100 million in annualized volume.[@tusharsoni1205](https://x.com/tusharsoni1205?ref_src=twsrc%5Etfw) [@qtofrivia](https://x.com/qtofrivia?ref_src=twsrc%5Etfw) [pic.twitter.com/tC01u9yVHP](https://t.co/tC01u9yVHP) > > — CoinLaw (@coinlaw\_io) [July 16, 2026](https://x.com/coinlaw_io/status/2077751935437000824?ref_src=twsrc%5Etfw) ## How Glide Removes the Bridge-and-Swap Step? Glide’s product lets an application accept a crypto deposit from any token, wallet, exchange or card without asking the user to bridge or swap assets first. That manual step is where consumer crypto apps lose people during onboarding. The routing engine picks the fastest and cheapest path to move funds between chains automatically, MoonPay said. Deposits settle through self custodial smart contracts, so users retain control of their assets and the transaction stays verifiable onchain. Glide’s coverage spans more than **100 tokens** and **30 blockchain networks**, carrying more than **$100 million** in annualized volume. Soni said: “ We built Glide so users could fund their wallets quickly with the tokens they already have and for apps to streamline their onboarding. Tushar SoniCo-founder – Glide ## MoonPay’s Sixth Deal of 2026 Glide is the sixth acquisition [MoonPay](https://coinlaw.io/moonpay-statistics/) has announced this year, and the pattern is legible. [Sodot](https://coinlaw.io/moonpay-sodot-acquisition-institutional-crypto/) brought key management and became the basis of MoonPay Institutional. Decent and DFlow became MoonPay Trade. Entendre added AI accounting agents and Dawn Labs added AI-native trading infrastructure. The earlier run tells the same story: **Nightshift** (renamed Otherlife), **Helio** (renamed MoonPay Commerce), **Iron** for stablecoin infrastructure, and **Meso** for bank-to-crypto payments. MoonPay has been assembling a payments stack by purchase rather than by roadmap, and Glide fills the deposit slot in it. MoonPay raised a **$555 million** Series A in 2021 at a **$3.4 billion** valuation from investors including Tiger Global Management and Coatue, with Justin Bieber and Paris Hilton also backing the company. It secured a **$200 million** revolving credit line from [Galaxy](https://coinlaw.io/galaxy-digital-statistics/) last year, saying it ended 2024 cash-flow positive and profitable on 112% year-over-year net revenue growth. An all-equity deal for a four-person team costs that balance sheet nothing in cash. ## Implications for Crypto Onboarding Glide’s technology is heading into **MoonPay Deposits**, the existing product used by Wallet in **Telegram**, **Moonshot** and **[Paysafe](https://coinlaw.io/paysafe-statistics/)**. Those integrations give the routing engine a distribution surface far larger than a four-person startup could reach alone, which is the clearest read on what MoonPay bought. Glide served more than 50 business customers, and MoonPay will now serve them. Soni declined to name any. If you build on Glide today, the practical step is to confirm with MoonPay how your existing integration maps to MoonPay Deposits and whether your contract terms carry over, since neither company has published a migration path. What the disclosed material does not establish matters here. The deal value, **Glide’s total funding**, and the identity of its business customers all remain undisclosed. Neither company has said whether Glide will continue as a standalone product or whether all 50-plus customers transition on the same timeline. ## CoinLaw’s Takeaway The acquisition targets a specific friction point rather than a broad capability gap. Crypto apps lose users at the moment of first deposit, when someone holding the wrong token on the wrong chain has to figure out bridging before they can do anything. Glide’s routing layer handles that automatically, and MoonPay already sells ramps, swaps and virtual accounts to the apps that need it. The pieces fit together without much integration work. Price signals intent. An all-equity deal for four people looks less like a revenue purchase than a team and technology one, and $100 million in annualized volume is small against MoonPay’s own throughput. Read alongside **Sodot**, **Decent**, **DFlow**, **Entendre** and **[Dawn Labs](https://coinlaw.io/moonpay-launches-ai-trading-agent-dawn-cli/)**, this is a company buying its way to a complete stack while its cash position stays intact. The open question is integration: five acquisitions in one year is a lot of engineering to absorb, and MoonPay has not said when Glide’s routing reaches its existing Deposits customers. Definition of Smart Contract. Link to full glossary entry follows the description.**Smart Contract**A smart contract is a self-executing program stored on a blockchain that automatically enforces agreement terms when predefined conditions are met, without intermediaries. [Read more](https://coinlaw.io/glossary/smart-contract/) Definition of Cross-Chain. Link to full glossary entry follows the description.**Cross-Chain**Cross-chain is the ability to move data or assets between separate blockchains via bridges, messaging protocols, or interoperability networks. [Read more](https://coinlaw.io/glossary/cross-chain/)