Polygon nears $100–125M acquisition of Bitcoin ATM firm Coinme, sources say
People familiar with the situation told Reuters that Polygon is close to buying Coinme, a U.S.-based bitcoin ATM operator, for between $100 million and $125 million. The discussions are said to be advanced, though a final agreement has not been announced and could change while due diligence and regulatory checks continue.
If completed, the deal would give Polygon a physical on‑ramp to Bitcoin users and signal a broader push from Layer‑2 and Web3 firms into payments infrastructure. Market observers say the acquisition could strengthen Polygon's cross‑chain capabilities and user acquisition strategy, with potential knock‑on effects for tokens tied to the ecosystem such as MATIC and POL. The move underscores ongoing consolidation as crypto firms seek to blend on‑chain services with real‑world payment rails.