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Polygon Labs Acquires Two Crypto Startups Coinme and Sequence, Total Acquisition Amount Exceeds $250 Million
Summary: Polygon Labs has announced the completion of the acquisition of cryptocurrency startups Coinme and Sequence, with a total acquisition amount exceeding $250 million. However, Polygon Labs has declined to disclose the specific acquisition prices for each company, and has not specified whether the transactions were conducted in cash, equity, or a combination of both. Polygon ...
Polygon Labs has announced the completion of the acquisition of cryptocurrency startups Coinme and Sequence, with a total acquisition amount exceeding $250 million. However, Polygon Labs has declined to disclose the specific acquisition prices for each company, and has not specified 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 the acquisition aims to support the stablecoin strategy of the blockchain network, with Coinme holding a series of remittance licenses in the United States and Sequence focusing on building blockchain infrastructure, including crypto wallets.
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Link: Polygon Labs Acquires Two Crypto Startups Coinme and Sequence, Total Acquisition Amount Exceeds $250 Million [Copy]
