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MoonPay acquires Glide to expand cross chain crypto deposit infrastructure

Glide supports more than 100 tokens across 30 blockchain networks, and its deposit and routing tech will be integrated into MoonPay Deposits.

Reported · Written up by our desk · Market Structure

MoonPay has acquired Glide, a crypto infrastructure startup, to expand cross chain crypto deposit capabilities, according to a joint announcement shared with Cointelegraph on Thursday.

MoonPay said the deal is intended to move it toward becoming a digital asset infrastructure provider beyond its original fiat to crypto payments business, integrating Glide’s deposit and routing technology into MoonPay Deposits.

Glide, founded in 2023 by Tushar Soni and Qinyu Tong, was built to help applications accept deposits from different tokens, wallets, exchanges and payment sources, supporting more than 100 tokens across 30 blockchain networks.

Glide’s co-founders described the problem they aimed to solve, users needing bridges, swaps and extra steps when funds landed on the wrong chain or token, and after the acquisition Glide’s technology will be used in MoonPay Deposits for applications including Wallet in Telegram, Moonshot and Paysafe.

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