MoonPay Buys Crypto Deposit Startup Glide

MoonPay has officially acquired Glide in an all equity deal. Glide is a startup known for simplifying crypto deposits and was previously backed by the startup incubator Y Combinator.

This move helps MoonPay grow its technical toolkit for handling digital assets. By bringing Glide into the fold, MoonPay aims to make the process of moving money into crypto platforms much smoother for the average user.

Industry watchers are looking to see how these new tools will change the user experience on MoonPay platforms. Integrating Glide technology could lead to faster deposit times and fewer technical hurdles for new traders joining the space.