Acquisition · Financial Services

Polygon Labs acquires Coinme and Sequence for over $250M

By Startup Enthusiast · 14 January 2026

What they do

Polygon Labs builds blockchain infrastructure for scaling and stablecoin payments

It signed definitive agreements to acquire Coinme and Sequence for over $250 million, mostly cash

The acquisitions aim to create a regulated stablecoin payment stack across 48 US states

Polygon Labs signed definitive agreements to acquire Coinme and Sequence for over $250 million.
The deal is largely all-cash, with a small equity component in the Sequence acquisition.
The acquisitions aim to build the Polygon Open Money Stack for regulated stablecoin payments at global scale.
Combined entities bring regulated fiat on- and off-ramps, wallet infrastructure, and cross-chain orchestration.
Coinme and Sequence together processed over $1 billion in off-chain sales and facilitated over $2 trillion in on-chain value transfers.
Polygon's on-chain stablecoin supply was approximately $3.3 billion at end of 2025, a three-year high.
Polygon will soon have the ability to do regulated stablecoin business in 48 US states.
After regulatory approvals, Coinme will operate as a wholly owned subsidiary of Polygon Labs.

Polygon is moving beyond being a low-cost blockchain, betting on real-world usage, payments, transaction volumes, and revenue.
Crypto platforms face rising compliance mandates, especially in India; FIU tightened KYC norms for crypto exchanges.
The acquisitions give Polygon regulated infrastructure to compete in the stablecoin payment space.

Polygon Labs builds blockchain scaling solutions and infrastructure for decentralized applications.
It operates the Polygon network, a low-cost, high-speed blockchain platform.
The company is now focusing on stablecoin payments and real-world usage.
Coinme is a licensed digital currency exchange founded in 2014, operating with money-transmitter licenses in 48 states.
Coinme runs a fiat-to-crypto network across over 50,000 retail locations.
Coinme offers regulated crypto-as-a-service, licensed wallet infrastructure, enterprise APIs and SDKs.
Coinme serves enterprise clients like Exodus, Coinstar, Mercuryo, Baanx, and over 1 million users of its payments app.
Sequence, founded in 2017, provides smart wallets and one-click cross-chain orchestration and intents engine.
Sequence simplifies crypto payments without managing gas, swaps, or bridging.
Sequence infrastructure supports Polygon, Immutable, Arbitrum, Magic Eden, and emerging networks.
Sequence collaborates with Google Cloud as partner and distribution channel.
Trails, powered by Sequence, provides universal rails for one-click crypto transactions across chains, tokens, and wallets.

Sequence transaction expected to close in January 2026.
Coinme acquisition expected to close in Q2 2026, subject to regulatory approvals.
Polygon aims to become 'the biggest stablecoin money movement avenue in the world' and move all money onchain.