Polygon is moving closer to a significant expansion beyond blockchain infrastructure, with sources indicating the Ethereum scaling network is in advanced talks to acquire Coinme, one of the earliest and largest bitcoin kiosk operators in the United States. The proposed deal is valued between 100 million and 125 million dollars and would mark one of Polygon’s most notable steps into physical crypto onramps. Coinme operates bitcoin kiosks across nearly every US state and has long focused on making digital assets accessible through everyday retail locations. If completed, the acquisition would give Polygon direct exposure to a regulated retail distribution network, linking its onchain ecosystem with real world consumer access points. The move suggests Polygon is seeking to control more of the crypto value chain, from blockchain settlement and stablecoin infrastructure to fiat on and off ramps used by mainstream users.
Coinme has been active in the US crypto market since 2014, when it launched its first licensed bitcoin ATM. Over time, the company expanded beyond bitcoin, adding support for multiple digital assets and embedding its kiosks in grocery stores and other high traffic venues. These machines have played a key role in onboarding users who prefer cash based or in person access to crypto, particularly in regions underserved by traditional exchanges. For Polygon, acquiring Coinme could accelerate adoption of its network by connecting millions of retail users directly to its ecosystem. The deal would also align with Polygon’s broader push toward payments and financial infrastructure, following recent initiatives aimed at stablecoin settlement and cross border transactions. Advisors are said to be guiding the transaction, though neither party has publicly confirmed details.
The potential acquisition highlights a growing trend among blockchain networks to move closer to end users rather than remaining purely backend infrastructure. As competition intensifies among layer two networks and payment focused platforms, owning distribution channels may offer a strategic edge. Polygon has raised substantial capital in recent years to fund expansion, and a retail focused acquisition would signal a shift toward mass market penetration. For Coinme, integration with a major blockchain network could provide technical depth, liquidity access, and new product opportunities. While the deal is not finalized, its scale and direction reflect how crypto firms are increasingly blending digital rails with physical access points. If completed, the transaction could reshape how Polygon positions itself within consumer payments and crypto adoption in the United States.
