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Polygon eyes $125M deal to acquire Bitcoin ATM firm Coinme. Polygon is reportedly finalizing a deal to acquire Bitcoin ATM provider Coinme for up to $125 million, marking a major shift into physical crypto infrastructure. Key takeaways: * Polygon is nearing the acquisition of Coinme for between $100 million and $125 million. * Coinme operates over 50,000 Bitcoin ATMs across 49 U.S. states and launched its first kiosk in 2014. * The deal would give Polygon a physical cash-to-crypto on-ramp, reaching new users without centralized exchanges. * Coinme faces regulatory challenges, including a possible license revocation and a $300,000 fine from Washington state authorities. What happened? Ethereum Layer-2 network Polygon is reportedly in the final stages of acquiring Coinme, one of the oldest Bitcoin ATM providers in the United States. According to multiple sources, the deal could close at a valuation between $100 million and $125 million, and would grant Polygon a substantial footprint in physical crypto distribution through Coinme's retail presence. BREAKING: Ethereum scaling network Polygon is close to buying Bitcoin ATM firm Coinme in a deal worth $100M - $125M, sources say.$MATIC $BTC pic.twitter.com/tkzBmTd8uC - MarketPulseHQ (@MPulseHQ) January 8, 2026 Polygon's strategic expansion into real-world infrastructure. The acquisition signals a significant pivot for Polygon, moving beyond its traditional role as a blockchain network focused on scalability into the world of real-world crypto access. By purchasing Coinme, Polygon would gain: * Direct ownership of a licensed money transmitter network active in 49 states. * Tens of thousands of retail crypto kiosks, including placements in major grocery stores. * A chance to integrate its own tokens and network support directly at physical locations. Polygon's move toward physical infrastructure aims to create a seamless onboarding path for users who prefer or rely on in-person crypto transactions. This could prove vital in broadening crypto adoption, especially among people who avoid centralized exchanges or are new to digital assets. Coinme's regulatory trouble looms over the deal. While Coinme boasts a wide network and early-mover status, the company is currently facing regulatory scrutiny. Washington state's Department of Financial Institutions (DFI) recently ordered Coinme to stop money transmission services, alleging it improperly turned unredeemed customer funds into corporate income. * Repayment of over $8 million to affected customers. * A potential $300,000 fine. * A 10-year industry ban for Coinme and its CEO, Neil Bergquist. The controversy stems from Coinme's voucher system, where customers were asked to buy paper vouchers at kiosks and redeem them online. When users failed to redeem them within a set time, Coinme allegedly claimed those funds as revenue. Despite these challenges, the deal appears to be moving forward, with Architect Partners advising both parties on the transaction. Polygon's vision: from code to kiosks. Polygon, known for products like Polygon PoS and Polygon zkEVM, raised $450 million in 2023 in a round led by Sequoia Capital India. The acquisition of Coinme fits within a broader strategy to expand crypto access and utility beyond digital-only platforms. Sources say the deal could allow Polygon to enable purchases of Polygon-related tokens at Coinme kiosks, opening up new ways for users to directly interact with its network. CoinLaw's takeaway. In my experience, one of crypto's biggest roadblocks has always been onboarding the average person. Many people still feel intimidated by centralized exchanges, custody, and complex sign-up flows. That's why this potential Polygon and Coinme deal is huge. It brings the crypto experience closer to the real world, where someone at a grocery store can buy digital tokens just like they buy gift cards. Of course, Coinme's legal baggage is a big red flag, but if Polygon navigates it well, this could be a game-changer for reaching new users in a much more human, tangible way.

Polygon is nearing a $125 million acquisition of Coinme, a Bitcoin ATM operator, to create a physical cash-on-ramp for its network. The deal would provide Polygon access to a licensed money transmitter network spanning 49 US states and thousands of retail kiosks located in venues such as grocery stores. The acquisition represents a strategic shift for the Ethereum scaling solution towards physical infrastructure, allowing direct in-person onboarding for new cryptocurrency users. Coinme operates one of the largest Bitcoin ATM networks in the United States. The move highlights growing interest amongst blockchain platforms in establishing tangible touchpoints for user acquisition beyond purely digital channels.

Mercuryo announces strategic partnership with Coinme to enhance on-ramp and off-ramp services in the US. Global payments infrastructure platform Mercuryo and Coinme, a leading B2B2C crypto infrastructure platform, have announced a strategic partnership that will further enhance the infrastructure for on-ramp and off-ramp services to customers in the US. Mercuryo's integration of Coinme's technology will facilitate fully compliant fiat-to-crypto and crypto-to-fiat conversion services in the US through the utilization of Coinme's crypto and stablecoin enablement platform, Crypto-as-a-Service (CaaS). "We are delighted to announce this strategic partnership with Coinme to further enhance our suite of services in the US," said Petr Kozyakov, Co-Founder and CEO at Mercuryo. "This partnership with Coinme underscores our long-term commitment to develop our growing range of products and services in the US." "The US represents one of the most dynamic markets for digital assets, and with Coinme's trusted infrastructure, we can localize our global expertise and deliver solutions that truly fit the needs of American customers," said Dilshan Dowlah, Head of US at Mercuryo. "Our collaboration with Mercuryo enables people to seamlessly move between fiat and crypto, reducing the friction for mass-market adoption of DeFi and novel Web3 use cases. By integrating Coinme's turn-key Crypto-as-a-Service platform, Mercuryo can scale faster and provide trusted access to licensed, compliant fiat-to-crypto rails for its customers," said Neil Bergquist, CEO and co-founder of Coinme. Mercuryo is a first-mover and innovator in the fast-evolving Web3 space, providing a variety of payment solutions along with seamless on-chain integration. Mercuryo's intuitive solutions are simplifying the experience for newcomers to the digital token space. Mercuryo specializes in efficient capital flow in the DeFi ecosystem and combines various payment solutions into a single interface.