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Polygon Labs acquires two crypto startups Coinme and Sequence, with a total acquisition amount exceeding $250 million

GateNews
Source: Odaily星球日报

Odaily Planet Daily reports that Polygon Labs has announced the completion of acquisitions of cryptocurrency startup Coinme and Sequence, with a total purchase price exceeding $250 million. However, Polygon Labs declined to disclose the specific purchase prices for each company and did not specify whether the transactions were conducted in cash, equity, or a combination of both. Polygon Labs CEO Marc Boiron and Sandeep Nailwal, founder of the Polygon Foundation, stated that the acquisitions aim to support the blockchain network’s stablecoin strategy. Coinme holds a series of remittance licenses in the United States, while Sequence is dedicated to building blockchain infrastructure, including crypto wallets. (Fortune)

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