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Techub News reports, citing sources familiar with the matter as reported by CoinDesk, that Polygon is nearing the acquisition of Bitcoin ATM operator Coinme. Polygon plans to spend $100 million to $125 million to complete this acquisition, with Architect Partners providing advisory services for the transaction.
Techub News reports, according to Fortune magazine, Polygon Labs has completed the acquisition of cryptocurrency startups Coinme and Sequence, with a total acquisition price exceeding $250 million. Polygon Labs did not disclose the individual transaction amounts, nor did it specify whether the payment method was cash, equity, or a hybrid form. Polygon Labs CEO Marc Boiron and Polygon Foundation founder Sandeep Nailwal stated that this acquisition aims to support the blockchain network's stablecoin strategy. Coinme holds a series of money transfer licenses in the United States, while Sequence is dedicated to building blockchain infrastructure, including cryptocurrency wallets.
Techub News reports that Turkish digital asset platform Paribu has announced the acquisition of CoinMENA, the largest local cryptocurrency exchange in the Middle East and North Africa region, at a valuation of up to $240 million. This transaction is the largest fintech deal in Turkey to date. Through this acquisition, Paribu will directly obtain the two licenses that CoinMENA has already secured from Dubai VARA and the Central Bank of Bahrain. Founded in 2020, CoinMENA has raised nearly $20 million from investors including BECO, Circle, and Bunat Ventures.
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