BlockBeats news: On January 9, according to insiders, Polygon is close to acquiring U.S. Bitcoin ATM operator Coinme, with the transaction value expected to be between $100 million and $125 million. The deal is currently in a non-public stage.
According to reports, the acquisition by Polygon was advised by the investment bank Architect Partners. Coinme is one of the earliest Bitcoin ATM operators in the United States, having launched its first compliant Bitcoin self-service terminal as early as May 2014. Currently, its services cover approximately 49 U.S. states, and it already supports multiple major cryptocurrencies in various offline scenarios, such as supermarkets.
Polygon completed a $450 million funding round in 2023, led by Sequoia Capital India. This potential acquisition is seen as an important step for Polygon to expand into cryptocurrency payments and offline use cases.