2026-01-08 19:18:14

Polygon's move is quite interesting. This Ethereum Layer 2 network has been planning a major deal—aiming to bring the largest Bitcoin ATM operator in the US, Coinme, under its umbrella.

According to information, the transaction amount is approximately between $100 million and $125 million. Architect Partners is involved as an advisor for the deal.

Coinme's background is impressive. As early as May 1, 2014, it launched the first licensed Bitcoin ATM, making it a pioneer in this space. To this day, Coinme's Bitcoin ATMs are spread across about 49 states in the US, becoming an important gateway for cryptocurrency entry.

If this acquisition goes through, what does it mean? Polygon could directly secure a nationwide cash access point. For ordinary users wanting to engage with crypto assets, the value of a physical ATM network is self-evident. This also reflects Polygon's active efforts to expand its ecosystem and compete for user touchpoints.

ETH-0.25%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

15 Likes

Reward
15
6
Repost
Share

Comment

0/400

OnChainSleuth

· 1h ago

Damn, Polygon is playing a big game here, directly acquiring the cash entry point in the US... Spending over a hundred million just to build an ATM network? Honestly, it's probably to make it easier for newbies to get on board. This tactic is pretty clever. Coinme is indeed an established brand, but I still want to know how Polygon plans to profit in the future... Wow, are they trying to force off-chain traffic onto the chain? To be honest, compared to burning money on marketing, covering all 49 states in the US like this is quite aggressive, but how long can it last... Let's see if they can hold out until the next bull market. It feels a bit like gambling.

View OriginalReply0

RugResistant

· 22h ago

ngl this acquisition screams strategic but... where's the real revenue model here? analyzed the numbers and something feels off about the valuation tbh. polygon's basically buying access points, not actual adoption. sure, 49 states sounds impressive on paper but red flags detected on the sustainability angle. DYOR but this needs further investigation before anyone gets too bullish about it, fr.

Reply0

BridgeTrustFund

· 22h ago

This move is indeed brilliant, directly taking control of the fiat on-ramp. POLYGON wants to bridge the final mile. Polygon is really playing a big game, covering everything from on-chain to off-ramp. There's something to it. Spending over 100 million just for those ATMs? Is it worth waiting to see? It's fresh—collision between traditional finance and blockchain. Finally, someone is doing this. Is Coinme's acquisition a good thing or a bad thing? Feels like gas fees might rise again in the future. By doing this, the cost for ordinary people to enter the circle drops straight down. Is the POLYGON ecosystem about to take off? But can the ATM network in all 49 US states really connect to the blockchain? Can it pass regulatory hurdles? On the surface, it's ecosystem expansion; in reality, it's about competing for traffic entry points. Same difference.

View OriginalReply0

SmartMoneyWallet

· 22h ago

1.25 billion spent just to set up ATMs? The flow of funds is quite interesting; let's see what the on-chain data says.

View OriginalReply0

LiquidatedDreams

· 22h ago

matic is really playing a big game, extending directly from on-chain to offline. This move is quite bold. --- Spending over 100 million to buy ATM networks? Not sure if it's a long-term strategy or a forced move, but it's definitely a gambler's mindset. --- Coinme has been around since 2014. This acquisition actually proves how valuable the spot on/off ramps are. --- Does Polygon want to use this to create touchpoints with the real world? Feels a bit overly optimistic. --- Gotta say, this is indeed a new approach. After all, most chains are fighting over gas fees. --- Spending 125 million on ATMs... Impressive. How much can this money do if used for marketing? --- Interesting, finally someone remembers that ordinary people still rely on fiat bridges to use crypto in the real world.

View OriginalReply0

RektCoaster

· 22h ago

ool move, Polygon is planning to move from on-chain to offline Wait, over 100 million USD can buy the entire US ATM network? Isn't this price a bit low? Coinme is indeed impressive, they've been operating ATMs since 2014. Now that Polygon wants to take over, it shows that the on-chain ecosystem is really starting to connect seriously with the real world. But to be fair, Polygon's acquisition strategy is really clever, directly blocking the last mile for users from fiat to crypto. Now mom doesn't have to worry about how I buy coins anymore haha. It's quite interesting, Polygon is really playing a big game, not just focusing on L2 performance, but also expanding into ecosystem breadth. Coinme has had a tough decade, and now being acquired by Polygon, it's uncertain what will happen next. Honestly, this kind of down-to-earth operation is more straightforward than any DeFi innovation, it all depends on execution. Nowadays, big players are so pragmatic, they used to just hype concepts, now they are directly buying real assets.

View OriginalReply0

Trending Topics
View More
#
GateFun马勒戈币Surges1251.09%
7.58K Popularity
#
GateSquareCreatorNewYearIncentives
30.28K Popularity
#
NonfarmPayrollsComing
5.89K Popularity
#
DailyMarketOverview
5.42K Popularity
#
IstheMarketBottoming?
90.31K Popularity

Hot Gate Fun
View More

1
一马当仙
一马当仙
MC:$0.1Holders:1
0.00%
2
sbb
煞笔币
MC:$3.58KHolders:2
0.09%
3
强势出击
强势出击
MC:$3.63KHolders:2
0.33%
4
SDDZ
山东地震
MC:$3.53KHolders:1
0.00%
5
我鸟都不鸟你
我鸟都不鸟你
MC:$3.62KHolders:3
0.47%

Sitemap

Polygon's move is quite interesting. This Ethereum Layer 2 network has been planning a major deal—aiming to bring the largest Bitcoin ATM operator in the US, Coinme, under its umbrella.

Trending Topics

GateFun马勒戈币Surges1251.09%

GateSquareCreatorNewYearIncentives

NonfarmPayrollsComing

DailyMarketOverview

IstheMarketBottoming?

Hot Gate Fun

一马当仙

一马当仙

sbb

煞笔币

强势出击

强势出击

SDDZ

山东地震

我鸟都不鸟你

我鸟都不鸟你

Pin

Your First Words Matter!
Share your first post on and split $10,000 in New Year rewards.
Post with #My2026FirstPost to share your New Year wish
2026U Position Voucher, Gate New Year boxes, F1 Red Bull merch await you!
Ends on Jan 15, 2026, 16:00 UTC
2026 starts with this post!

Polygon's move is quite interesting. This Ethereum Layer 2 network has been planning a major deal—aiming to bring the largest Bitcoin ATM operator in the US, Coinme, under its umbrella.

Trending Topics

GateFun马勒戈币Surges1251.09%

GateSquareCreatorNewYearIncentives

NonfarmPayrollsComing

DailyMarketOverview

IstheMarketBottoming?

Hot Gate Fun

一马当仙

一马当仙

sbb

煞笔币

强势出击

强势出击

SDDZ

山东地震

我鸟都不鸟你

我鸟都不鸟你

Pin

Your First Words Matter! Share your first post on and split $10,000 in New Year rewards. Post with #My2026FirstPost to share your New Year wish 2026U Position Voucher, Gate New Year boxes, F1 Red Bull merch await you! Ends on Jan 15, 2026, 16:00 UTC 2026 starts with this post!

Your First Words Matter!
Share your first post on and split $10,000 in New Year rewards.
Post with #My2026FirstPost to share your New Year wish
2026U Position Voucher, Gate New Year boxes, F1 Red Bull merch await you!
Ends on Jan 15, 2026, 16:00 UTC
2026 starts with this post!