MoonPay Acquires Glide to Strengthen Crypto Deposit Infrastructure
MoonPay snapped up Glide, a startup built by ex-Robinhood Wallet engineers, to beef up its cross-chain crypto deposit capabilities.
If you've ever used MoonPay to buy crypto, you know the company is all about making it easier to move money into the digital asset world. Now MoonPay is doubling down on that mission by acquiring Glide, a crypto infrastructure startup with some serious pedigree — its founders previously built products at Robinhood Wallet, one of the more recognizable names in retail investing.
The deal is squarely focused on cross-chain crypto deposit infrastructure, which is basically the behind-the-scenes plumbing that lets users move funds across different blockchain networks without things getting messy or expensive. As the number of active blockchains keeps growing, that kind of interoperability tech becomes less of a nice-to-have and more of a table-stakes requirement for any serious crypto payments platform.
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For MoonPay, bringing Glide in-house means it can bake those capabilities directly into its core product rather than relying on third-party solutions. That kind of vertical integration tends to give companies tighter control over user experience and reliability — two things that matter a lot when real money is moving between chains.
Glide's founding team coming from Robinhood Wallet is also worth noting. Engineers who've worked on consumer-facing crypto products at scale understand the friction points everyday users hit, which could translate into infrastructure that's actually built with the end user in mind rather than purely for developer convenience.
The broader takeaway here is that crypto's infrastructure layer is heating up as established players look to own more of the stack. MoonPay is clearly betting that controlling its deposit rails will be a competitive advantage as the market matures. Continue reading at Cointelegraph.
