Polygon Labs acquires crypto startup Coinme and Sequence for over $250 million

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Deep Tide TechFlow News, on January 13, according to Fortune, Polygon Labs has completed the acquisition of crypto startups Coinme and Sequence, with a total value exceeding $250 million.

Polygon Labs CEO Marc Boiron and Polygon Foundation founder Sandeep Nailwal stated that these acquisitions aim to advance their stablecoin strategy. Seattle-based Coinme focuses on cash and cryptocurrency conversion services and holds multiple money transfer licenses in the United States; while New York’s Sequence specializes in building blockchain infrastructure, including crypto wallets. Nailwal said this is an initiative for Polygon to compete with fintech giant Stripe.

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