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Polygon completes Coinme acquisition for US payments

PRIVATEOct 14, 2026

Acquiring Company

Polygon Labs

Acquired Company

Coinme

New DelhiSeattleOtherFinancial Services

Description

Polygon has completed its acquisition of Coinme, making Polygon Open Money Stack a U.S.-regulated payments platform, according to an Oct. 14 blog post. The deal gives Polygon's U.S. payments business coverage across 48 states, with 37 money transmitter licenses, 11 applicable extensions, and FinCEN registration as a money services business. Polygon had announced its plan to acquire Coinme in January to gain these licenses and compliance infrastructure.

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Company Information

Company

Polygon Labs

Location

New Delhi, Delhi, India

About

Polygon Labs develops Ethereum scaling solutions for Polygon protocols. Polygon Labs engages with other ecosystem developers to help make available scalable, affordable, secure and sustainable blockchain infrastructure for Web3. Polygon Labs has initially developed a growing suite of protocols for developers to gain easy access to major scaling solutions, including layer 2s (zero-knowledge rollups and optimistic rollups), sidechains, hybrid chains, app-specific chains, enterprise chains, and data availability protocols. Scaling solutions that Polygon Labs initially developed have seen widespread adoption with tens of thousands of decentralized apps, unique addresses exceeding 207M, over TK million smart contracts and TK total transactions processed since inception. The network is home for some of the biggest Web3 projects and well-known enterprises. Polygon Labs is carbon neutral with the goal of leading Web3 in becoming carbon negative.

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Frequently asked

Who acquired Coinme?

Coinme was acquired by Polygon Labs, based in New Delhi. The deal was reported on October 14, 2026. Polygon Labs develops Ethereum scaling solutions for Polygon protocols. Polygon Labs is privately held.

When did Polygon Labs acquire Coinme?

Polygon Labs's acquisition of Coinme was reported on October 14, 2026. Polygon has completed its acquisition of Coinme, making Polygon Open Money Stack a U.S.-regulated payments platform, according to an Oct. 14 blog post. The deal gives Polygon's U.S. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Coinme do?

Coinme operates a leading licensed cryptocurrency cash exchange in the U.S., founded in 2014 with a mission to be the world's most trusted gateway to digital currencies and a better financial future. It is privately held, operating in Other, and is based in Seattle.

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