Overview
- Polygon announced agreements to acquire Coinme and Sequence for a combined sum above $250 million, declined to disclose per-company amounts, and its CEO disputed outside estimates on the split.
- Coinme brings money-transmitter licensing across 48 states, FinCEN registration, and access to more than 50,000 cash-to-crypto retail locations, including via Coinstar kiosks.
- Sequence adds enterprise smart wallets and cross-chain payment routing designed to simplify transfers across multiple blockchains for businesses.
- Closings will be staggered, with Sequence expected to finalize later this month and Coinme slated for the second half of 2026, both subject to regulatory approvals.
- Polygon describes a revenue-focused strategy that targets business-to-business payments first, plans a later consumer push, and seeks to increase on-chain activity that benefits POL token stakers.