Polygon Labs Acquires Two Crypto Startups Coinme and Sequence, Total Acquisition Amount Exceeds $250 Million

Odaily News Polygon Labs announced the completion of its acquisition of cryptocurrency startups Coinme and Sequence, with a total acquisition price exceeding $250 million. However, Polygon Labs declined to disclose the specific acquisition price 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 Polygon Foundation founder Sandeep Nailwal stated that these acquisitions aim to support the blockchain network's stablecoin strategy. Coinme holds a series of money transmission licenses in the United States, while Sequence is focused on building blockchain infrastructure, including crypto wallets. (Fortune)