MoonPay has acquired Glide, a company focused on crypto deposit infrastructure, in an all-equity deal. The acquisition, announced this week, is aimed at strengthening MoonPay's ability to handle deposits — the step where users move money from traditional banking into digital assets. For MoonPay, which already processes payments for major tokens and NFTs, the move adds a key piece of infrastructure that could make its on-ramp more seamless for users and partners.
All-equity structure
MoonPay did not disclose the valuation of the deal, but the all-equity nature means no cash changed hands. The company is effectively paying with its own shares, a structure that lets the acquirer conserve capital while giving Glide's shareholders a stake in the combined entity. The approach is common in crypto M&A, especially when the target is a smaller infrastructure player and the acquirer wants to keep its balance sheet flexible.
Why deposits matter
The deposit infrastructure space has become a battleground for crypto payments firms. Getting money into crypto is often the most friction-filled part of the user journey — bank rejections, slow settlement times, and high fees are common pain points. By bringing Glide's technology in-house, MoonPay can control more of that pipeline. The company didn't say how long integration will take, but the deal is expected to close in the coming weeks.
Reshaping the landscape
MoonPay's strategic acquisitions have been adding depth to its infrastructure, and the Glide deal could shift the competitive dynamics in digital payments. With deposit capabilities embedded directly into its stack, MoonPay can offer partners a more complete package — from card processing to bank transfers. Rivals in the payments space will likely take note, though none have publicly commented on the deal. The immediate question for MoonPay is how quickly it can roll out Glide's technology to its existing merchant base.
