Polygon Acquires Coinme, Expanding US Regulatory Reach and Shuttering 6,000 ATMs
Polygon Labs has completed the acquisition of Coinme, gaining access to 48 US states and 6,000 crypto ATMs set for shutdown.
Polygon Labs has completed the acquisition of Coinme, gaining access to 48 US states and 6,000 crypto ATMs set for shutdown. This is an original Token Times brief based on reporting by Cryptopolitan, with live market data added, as of Wed, 14 Oct 2026 20:45:01 UTC.
This acquisition significantly expands Polygon's regulatory footprint in the US, providing access to 48 states and critical money transmitter licenses. It also integrates traditional financial infrastructure with blockchain technology, positioning Polygon to play a major role in the evolving digital payments landscape.
- Polygon acquires Coinme, gaining 37 state money-transmitter licenses and 11 exemptions.
- The deal gives Polygon access to 48 US states and integrates banking, stablecoin, and blockchain services.
- 6,000 crypto ATMs will be shut down as part of the transition.
Polygon Labs has completed its acquisition of Coinme, a significant move that provides the blockchain company with extensive regulatory coverage across the United States. The acquisition includes 37 state money-transmitter licenses and 11 exemptions, which will be integrated into Polygon's Open Money Stack, as reported by Cryptopolitan and TronWeekly.
The acquisition allows Polygon to expand its reach to 48 US states, according to TronWeekly, and integrates banking access, stablecoin transfers, and blockchain settlement infrastructure. This strategic move is part of Polygon's broader plan to facilitate stablecoin payments in the US, as previously announced at the start of the year.
As part of the transition, 6,000 crypto ATMs will be shut down, as reported by Cryptopolitan. This shutdown suggests a shift in Polygon's strategy towards a more integrated and regulated approach to digital payments, leveraging Coinme's infrastructure and licenses.
The acquisition comes at a time when the total crypto market cap stands at $2.82 trillion, with the overall market experiencing a downturn. 
Bitcoin is down 1.74% in the last 24 hours, and the Fear & Greed Index is at 62, indicating a state of 'Greed' in the market.
This development is significant as it positions Polygon to play a crucial role in the intersection of traditional finance and blockchain technology. The integration of Coinme's licenses and infrastructure into the Open Money Stack could pave the way for more seamless and regulated digital transactions in the US.
Polygon Acquires Coinme, Expanding US Regulatory Reach and S — questions & answers
What licenses does Polygon gain from the Coinme acquisition?
Polygon gains 37 state money-transmitter licenses and 11 exemptions.
How many US states will Polygon have access to after the acquisition?
Polygon will have access to 48 US states.
What happens to Coinme's crypto ATMs?
6,000 crypto ATMs will be shut down as part of the transition.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from Cryptopolitan. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.