Marc Boiron

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Polygon closes Coinme deal and becomes a US-regulated payments business

Leading Polygon's shift into regulated payments

Polygon Labs completed its purchase of Coinme on October 14, 2026. The deal gives the blockchain developer money-transmitter licenses in 37 US states, exemptions in 11 more, and registration with the Financial Crimes Enforcement Network as a money services business.

Updated 1 hour ago

Notable Quotes

"I have not considered us to compete with blockchains for a while now, to be frank. It's very much that we're a payments-focused company that just uses blockchains to move money, and in particular, Polygon."

from Polygon closes Coinme deal and becomes a US-regulated payments business · Updated 1 hour ago

"Now, when we are the ones running the regulated business, nobody can cause us to move flows anywhere that we don't want to, because we actually have those customer relationships."

from Polygon closes Coinme deal and becomes a US-regulated payments business · Updated 1 hour ago