Polygon Labs has finalized its acquisition of Coinme, a licensed crypto exchange and cash-to-crypto platform, enhancing its US payments business with regulatory coverage in 48 states through 37 money transmitter licenses and 11 exemptions. This acquisition supports Polygon's Open Money Stack, a payments platform that integrates digital wallets, payment routing, blockchain settlement, and banking connections, enabling seamless conversion between dollars and digital assets. Early adopters of Open Money Stack include companies like Tazapay, Mesh, Toku, and Kira, which use the platform for various crypto and fiat payment solutions. This move positions Polygon as a leading payments-focused blockchain company with broad regulatory compliance and innovative payment infrastructure.
Polygon Labs' acquisition of Coinme comes as only 5 out of 50 major cryptocurrencies on Pluang rose today. For readers following the broader crypto market, here is Pluang's snapshot as of Oct 15, 2026 16:51 WIB: AXS (Axie Infinity) fell 10.83% to Rp18.120 with 100% buy order activity, ONE (Harmony) dropped 10.49% to Rp27 with nearly balanced buy/sell orders, and MANA (Decentraland) declined 9.76% to Rp1.516 with 86% buy orders. This reflects a broadly bearish day in crypto prices on the platform.
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