Question 1

How much did Polygon Labs pay for Coinme and Sequence?

Accepted Answer

The two firms were acquired under a combined deal worth more than $250 million, announced in January 2026, according to Polygon Labs.

Question 2

What regulatory licenses does the Coinme acquisition bring to Polygon?

Accepted Answer

Coinme adds 37 state money-transmitter licenses, 11 applicable exemptions, and registration with FinCEN as a money services business, giving Polygon coverage across 48 US states.

Question 3

Why did Coinme agree to shut down its crypto kiosks?

Accepted Answer

Coinme reached a $2.5 million settlement with 34 state regulators over alleged Bank Secrecy Act and anti-money-laundering violations, agreeing to end its virtual currency kiosk operations by January 1, 2027, or face an additional $4 million penalty, the Conference of State Bank Supervisors said.

COinme

Polygon Labs closes Coinme deal, gaining money-transmitter licenses in 48 states

One sharp brief.
Every day.

COinme

Polygon Labs closes Coinme deal, gaining money-transmitter licenses in 48 states

One sharp brief.Every day.

One sharp brief.
Every day.