{"id":5444,"date":"2026-01-09T10:13:56","date_gmt":"2026-01-09T10:13:56","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=5444"},"modified":"2026-01-09T10:13:56","modified_gmt":"2026-01-09T10:13:56","slug":"polygon-nears-125m-acquisition-of-bitcoin-atm-pioneer-coinme","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=5444","title":{"rendered":"Polygon Nears $125M Acquisition of Bitcoin ATM Pioneer Coinme"},"content":{"rendered":"

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  • Polygon is reportedly close to acquiring Bitcoin ATM operator Coinme for approximately $125 million to establish a physical cash-on-ramp for its network.<\/span><\/li>\n
  • The deal would grant Polygon access to a licensed money transmitter network covering 49 US states and thousands of retail kiosks at locations like grocery stores.<\/span><\/li>\n
  • This acquisition signals a strategic pivot for the Ethereum scaler toward physical infrastructure, enabling direct in-person onboarding for new crypto users.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n

    Polygon is close to buying Coinme, an early U.S. bitcoin ATM kiosk operator, in a deal valued at around US$125 million (AU$191.2 million), according to two people familiar with the matter.\u00a0<\/p>\n

    Coinme activated what it called its first licensed bitcoin ATM on May 1, 2014. The company later expanded its kiosk network to roughly 49 U.S. states and added support for additional crypto tokens at grocery store locations, according to prior reporting cited in the material provided.<\/p>\n

    For Polygon, the acquisition would be a shift from its core focus on scaling Ethereum toward owning a physical \u201ccash on-ramp\u201d network (places where users can convert cash to crypto without starting on a traditional exchange).\u00a0<\/p>\n

    Read more:<\/strong> MSCI Reprieve Lifts Strategy Shares, Keeps Crypto Treasury Firms in Indexes<\/p>\n

    A Direct Way To Reach New Users<\/h2>\n

    One person said Polygon is being advised by Architect Partners (though the talks are private and the terms could still change). Moreover, people familiar with the company\u2019s strategy and outside observers describe two potential advantages.\u00a0<\/p>\n

    First, Coinme\u2019s kiosk footprint could give Polygon a direct way to reach new users in person, including people who do not already use centralised exchanges.\u00a0<\/p>\n

    Second, Coinme\u2019s regulatory setup could be valuable: the business operates as a licensed money transmitter in nearly all U.S. states, providing an existing compliance framework that may be difficult to build quickly from scratch.<\/p>\n

    The deal would also open the door to simpler purchasing flows at the kiosk level, including the possibility of buying Polygon-related tokens directly at physical locations, if Polygon chose to integrate its network and supported assets into Coinme\u2019s distribution.<\/p>\n

    Polygon is one of the largest Ethereum layer-2 networks, built to reduce fees and improve transaction speed, with products that include Polygon PoS and Polygon zkEVM.<\/p>\n

    Read more:<\/strong> TD Cowen Warns Midterms Could Stall Crypto Market Structure Push<\/p>\n<\/p><\/div>\n

    Bitcoin ATM,Polygon#Polygon #Nears #125M #Acquisition #Bitcoin #ATM #Pioneer #Coinme1767953636<\/p>\n","protected":false},"excerpt":{"rendered":"

    Polygon is reportedly close to acquiring Bitcoin ATM operator Coinme for approximately $125 million to establish a physical cash-on-ramp for its network. The deal would grant Polygon access to a licensed money transmitter network covering 49 US states and thousands of retail kiosks at locations like grocery stores. This acquisition signals a strategic pivot for<\/p>\n","protected":false},"author":1,"featured_media":5445,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[1020,1021,1022,91,1024,1019,1023,1018],"class_list":{"0":"post-5444","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin","8":"tag-125m","9":"tag-acquisition","10":"tag-atm","11":"tag-bitcoin","12":"tag-coinme","13":"tag-nears","14":"tag-pioneer","15":"tag-polygon"},"yoast_head":"\nPolygon Nears $125M Acquisition of Bitcoin ATM Pioneer Coinme - Crypto News: Latest Cryptocurrency News and Analysis<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptonews.uk.com\/?p=5444\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Polygon Nears $125M Acquisition of Bitcoin ATM Pioneer Coinme\" \/>\n<meta property=\"og:description\" content=\"Polygon is reportedly close to acquiring Bitcoin ATM operator Coinme for approximately $125 million to establish a physical cash-on-ramp for its network. 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