Key Notes
- Coinme holds federal cash companies registration and operates crypto kiosks at greater than 50,000 retail areas, together with Coinstar machines.
- Polygon described the technique as a reverse of Stripe’s strategy, including regulated monetary companies to its present blockchain community.
- Coinme confronted $300,000 in California penalties and a Washington cease-and-desist order that was stayed after the corporate segregated buyer funds.
Polygon Labs
POL
$0.16
24h volatility:
1.7%
Market cap:
$1.66 B
Vol. 24h:
$239.32 M
introduced on Jan. 13 it might purchase crypto funds firm Coinme and infrastructure supplier Sequence for greater than $250 million.
The blockchain developer is constructing a regulated funds platform for stablecoin transactions in the USA.
The offers carry cash transmitter licenses throughout 48 U.S. states and a bodily community spanning greater than 50,000 retail areas the place prospects can convert money to cryptocurrency, in keeping with Polygon’s announcement.
The agency described the acquisitions as foundational to its Open Money Stack, a funds toolkit unveiled final week. Each transactions are topic to regulatory approval.
BREAKING: Polygon to turn out to be U.S. regulated funds platform
We’re buying Coinme and Sequence to maneuver all cash onchain.
→ Regulated cash motion in 48 states
→ Fiat on/off ramps
→ 50,000 fiat-to-crypto areas within the U.S.
→ Straightforward onboarding with pockets infra
→… pic.twitter.com/lwvLheEc3P— Polygon | POL (@0xPolygon) January 13, 2026
The Acquisitions
Seattle-based Coinme, based in 2014, holds federal cash companies registration with FinCEN (the Treasury Division’s monetary crimes unit) and operates cash-to-crypto kiosks at retailers, together with by means of Coinstar machines.
The corporate’s backers embrace stablecoin issuer Circle and main crypto buyers Pantera and Digital Forex Group. Coinme will proceed working as a completely owned subsidiary following the shut of the transaction.
New York-based Sequence, based in 2017, offers pockets expertise that simplifies crypto transfers throughout totally different blockchain networks. The infrastructure agency counts Brevan Howard Digital and Coinbase amongst its buyers.
Strategic Context
Polygon Basis founder Sandeep Nailwal described the approach as a reverse of funds large Stripe’s technique.
Whereas Stripe acquired stablecoin startups earlier than constructing its personal blockchain, Polygon already operates established blockchain infrastructure and is now including regulated monetary companies.
Lower than one week in the past we shared our imaginative and prescient for the following evolution of Polygon, and for international finance as an entire.
Right this moment, we’re reaching a pivotal milestone for the Polygon Open Cash Stack by buying @Coinme and @0xsequence.
Polygon’s blockchain rails have been prepared for…
— Sandeep | CEO, Polygon Basis (※,※) (@sandeepnailwal) January 13, 2026
The acquisitions comply with President Trump’s signing of the Genius Act stablecoin laws in July 2025. Polygon has invested in funds infrastructure all through the previous yr, together with hiring Stripe’s former head of crypto, John Egan.
Coinme’s Regulatory Historical past
Coinme confronted enforcement actions from California and Washington regulators in 2025. The California Division of Monetary Safety and Innovation ordered the corporate to pay $300,000 in penalties and $51,700 in restitution.
The violations included accepting greater than $1,000 day by day from particular person prospects at kiosks, exceeding state limits.
Washington issued a temporary cease-and-desist order in November 2025, alleging Coinme claimed greater than $8 million in buyer funds as firm earnings when vouchers went unredeemed.
The order was stayed in December 2025 after Coinme agreed to segregate buyer property in protected accounts. Polygon’s CEO expressed confidence in Coinme’s compliance practices regardless of the regulatory historical past.
Disclaimer: Coinspeaker is dedicated to offering unbiased and clear reporting. This text goals to ship correct and well timed info however shouldn’t be taken as monetary or funding recommendation. Since market circumstances can change quickly, we encourage you to confirm info by yourself and seek the advice of with knowledgeable earlier than making any choices primarily based on this content material.
As a Web3 advertising and marketing strategist and former CMO of DuckDAO, Zoran Spirkovski interprets advanced crypto ideas into compelling narratives that drive development. With a background in crypto journalism, he excels in growing go-to-market methods for DeFi, L2, and GameFi tasks.
