Coinme
Coinme is a US-licensed cryptocurrency exchange and fiat-to-crypto infrastructure provider operating the nation's largest cash-to-crypto retail network (40,000+ locations) and an enterprise Crypto-as-a-Service API platform serving fintechs, wallets, banks, and remittance firms; acquired by Polygon Labs in 2026 for over $250 million.
- Company typePrivate
- Founded2014
- HeadquartersSeattle, United States
- Headcount51–100
- GTM typeB2B and B2C
- OfferingSoftware
What Coinme does
Coinme is a Seattle-headquartered, US-licensed cryptocurrency exchange and fiat-to-crypto infrastructure provider founded in 2014 as the first licensed Bitcoin ATM operator in the United States. The company operates a dual business model. On the consumer side, the Coinme mobile app (iOS/Android) supports buying, selling, and holding 11 cryptocurrencies (BTC, ETH, SOL, XRP, DOGE, LINK, LTC, MATIC, XLM, USDC, FISC), with cash-to-crypto access through the nation's largest physical retail network of 40,000+ points: 6,000+ Coinstar Bitcoin ATMs, 14,000+ Coinme Cash checkout counters (including CVS and Walmart), and 20,000+ ReadyCode ATMs for cash off-ramps. On the enterprise side, Coinme provides Crypto-as-a-Service (CaaS), a modular, RESTful API platform offering KYC/AML compliance, custody (cold-storage majority), fiat-to-crypto and crypto-to-fiat conversion, liquidity, on-chain monitoring, and stablecoin (USDC) settlement infrastructure for fintechs, neobanks, Web3 wallets, remittance apps, banks, and investment platforms.
Revenue is generated through transaction fees on consumer purchases (Coinme Cash: ~5% spread plus a $2.95–$4.74 flat retail service fee; Bitcoin ATMs at higher variable rates; debit card purchases at competitive industry rates), subscription/licensing fees from CaaS enterprise customers under volume-based pricing, and per-transaction revenue from white-label integrations. Named B2B partners and customers include Trust Wallet (210M+ users via Cash Deposits), Exodus (XO Pay), Mercuryo, Baanx, MoneyGram (4% strategic investor), and Coinstar. Coinme is licensed as a money transmitter in 48 US states plus Puerto Rico, holds FinCEN MSB registration (NMLS#1185542), and achieved $1B+ in transaction volume alongside first-time profitability in 2024. The company has raised approximately $30M from investors including Pantera Capital, Digital Currency Group, Circle Ventures, Hard Yaka, CMT Digital, and Xpring (Ripple).
In January 2026, Coinme entered into a definitive agreement to be acquired by Polygon Labs for over $250 million (combined with Sequence), with the acquisition closing in Q2 2026. Post-acquisition, Coinme operates as a wholly owned subsidiary of Polygon Labs, providing the regulated US fiat on/off-ramp infrastructure layer within Polygon's Open Money Stack for stablecoin payments. The company has approximately 51–100 employees, operates as a remote-first organization, and is led by co-founder and CEO Neil Bergquist, with Sung Choi (COO, promoted April 2025) and Hazen Baron (General Counsel, appointed January 2026).
Coinme firmographics
Firmographics- Name
- Coinme
- Legal name
- Coinme Inc.
- Website
- https://coinme.com
- Company type
- Private
- Founded year
- 2014
- Operating status
- Acquired
- Headcount range
- 51–100 employees
- Short description
- Coinme is a US-licensed cryptocurrency exchange and fiat-to-crypto infrastructure provider operating the nation's largest cash-to-crypto retail network (40,000+ locations) and an enterprise Crypto-as-a-Service API platform serving fintechs, wallets, banks, and remittance firms; acquired by Polygon Labs in 2026 for over $250 million.
- Ownership category
- akta.pro rank
Coinme industry classification
Industry- Product category
- Cryptocurrency Exchange and Crypto Infrastructure
- NAICS
- Securities and Commodity Exchanges (52321)
- SIC
- Finance Services (6199), Security & Commodity Brokers, Dealers, Exchanges & Services (6200)
- akta.pro primary industry
- On/Off-Ramp Providers (Fiat↔Crypto) & Cash-In/Cash-Out Networks (FSADAIAE)
- akta.pro secondary industries
- Crypto Payments & Stablecoin Settlement Platforms (BPAMAFAL), Crypto Card Issuing & Card Programs (Debit/Credit/Prepaid) (FSADAIAC), POS, QR & In-Person Acceptance Infrastructure (Crypto) (FSADAIAI)
Keywords
Where Coinme is headquartered
LocationHeadquarters
- HQ city
- Seattle
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Coinme business model
Business model- GTM type
- B2B and B2C
- Offering type
- Software
- Cost components
- Technology or R&D, Operations, Personnel, Marketing or Sales, Infrastructure
Revenue model
- Consumer Crypto Transactions: Fees charged to consumers for buying and selling cryptocurrency through the mobile app, Bitcoin ATMs, and retail locations. Transaction fees vary by purchase method (Coinme Cash: ~5% + flat fee; ATM: higher fees).
- Crypto-as-a-Service (CaaS) Enterprise Licensing: B2B licensing fees from fintechs, neobanks, Web3 wallets, and enterprises that integrate Coinme's API infrastructure. Partners pay volume-based pricing for access to compliant crypto rails, KYC/AML, custody, and liquidity.
- White-Label/API Partnerships: Revenue from white-label partnerships where platforms like Trust Wallet, Exodus, Mercuryo, and Baanx embed Coinme's infrastructure. Coinme earns per-transaction fees and potentially licensing fees.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Coinme Cash - Lowest fee cash on-ramp option |
| Transaction based/ take rate | Pay-as-you-go | Bitcoin ATM purchases |
| Transaction based/ take rate | Pay-as-you-go | Debit card purchases |
| Hybrid | Monthly | Enterprise Crypto-as-a-Service (B2B) |
Go-to-market motion3 records
Distribution channels6 records
Marketing channels7 records
Coinme product offering
Product offeringCore offering
Coinme operates a licensed US cryptocurrency exchange combining a consumer-facing mobile app for buying, selling, and managing 11 cryptocurrencies with the nation's largest cash-to-crypto retail network (40,000+ locations including Coinstar Bitcoin ATMs, Coinme Cash checkout counters, and ReadyCode ATMs). For enterprises, Coinme offers a Crypto-as-a-Service (CaaS) API platform that enables fintechs, wallets, neobanks, and remittance apps to embed compliant fiat-to-crypto on/off-ramps, stablecoin payments, KYC/AML, custody, and liquidity under white-label branding.
Product overview
Coinme is a US-based licensed cryptocurrency exchange and fiat-to-crypto infrastructure company founded in 2014, operating a dual business model. For consumers, it offers the Coinme App — a mobile wallet for buying, selling, and managing 11 cryptocurrencies — powered by three physical retail networks: Coinme Cash (checkout-counter cash on-ramps at 14,000+ locations), Coinstar Bitcoin ATMs (over 6,000 kiosks), and ReadyCode ATMs (20,000+ locations for cash withdrawals). For enterprise clients, Coinme provides its Crypto-as-aService (CaaS) API platform with modular components including Web3 Wallets (embedded native fiat-to-crypto), On/Off-Ramps (compliant US ramp infrastructure), and Stablecoin Infrastructure (USDC and stablecoin payment processing with fiat settlement). The company is being acquired by Polygon Labs (expected Q2 2026) to serve as the regulated fiat access layer within the Open Money Stack.
Differentiator
Problem solved
Functional benefit
Brands
- Coinme Cash: Low-fee cash on-ramp service allowing users to fund their wallet with cash at retail checkout counters at over 14,000 locations.
- Crypto-as-a-Service (CaaS)
Products and services
- Coinme Mobile App Coinme's consumer-facing mobile application for iOS and Android that lets individual users buy, sell, send, and receive 11 cryptocurrencies using debit cards, bank transfers, or cash at nearby retail locations. Includes a wallet, retail locator, and KYC onboarding.
- Crypto-as-a-Service (CaaS) An API-first B2B platform that enables fintechs, Web3 wallets, neobanks, remittance apps, investment platforms, and banks to embed compliant fiat-to-crypto conversion, on/off-ramps, stablecoin settlement, KYC/AML, custody, and liquidity into their own products with white-label branding.
- Cash Onramp Widget A low-code drop-in widget for B2B partners that allows their end users to purchase cryptocurrency with cash at over 10,000 U.S. retail locations. Provides barcode generation, location lookup, and seamless checkout integration.
- Coinme Cash Coinme's lowest-fee cash-to-crypto on-ramp service for consumers. Users generate a barcode in the Coinme app, present it at retail partner checkout counters (such as CVS, Walmart, Weis Markets, GetGo), pay with cash, and receive crypto in their wallet within 15 minutes. Available at 14,000+ locations nationwide.
- Coinstar Bitcoin ATM Coinme-powered Bitcoin ATMs deployed at Coinstar kiosks in grocery and convenience stores, enabling consumers to insert cash and instantly purchase cryptocurrency. Coinstar provides the hardware and retail locations while Coinme provides the crypto technology, compliance, and licensing. Available at 6,000+ locations nationwide.
- ReadyCode ATM Crypto-to-cash off-ramp ATM network allowing users to sell cryptocurrency and pick up instant cash. Available at 20,000+ ReadyCode ATM locations nationwide with no bank account required.
Quantifiable outcome
- $1 billion+ in transaction volume processed in 2024
- +4 more outcomes
Companies that use Coinme
Customer profileNamed customers6 records
Segments7 records
Ideal customer profiles4 records
Coinme technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration3 records
Feature6 records
Coinme partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered core, major and minor.
- Trust WalletcoreTrust Wallet launched Cash Deposits, its first cash on-ramp powered by Coinme. Enables 210+ million users to purchase cryptocurrency and stablecoins including USDC with physical cash at 15,000+ U.S. retail locations. Service available across 48 U.S. states and Puerto Rico with 4% cash exchange fee.
- Polygon LabscoreDefinitive agreement for Polygon Labs to acquire Coinme for over $250 million combined (with Sequence). Coinme to become core fiat access layer within Polygon's Open Money Stack for regulated stablecoin payments. Acquisition targeted for Q2 2026 pending regulatory approvals. Transaction expected to drive over $100 million in annual revenue for Polygon.
- BaanxmajorBaanx expanded self-custodial debit card program to the U.S., leveraging Coinme's stablecoin infrastructure APIs to support USDC transactions. Enables users of wallets like MetaMask, Ledger, and Exodus to spend stablecoins via debit cards.
- MercuryomajorStrategic partnership to enhance on-ramp and off-ramp services in the US. Mercuryo integrates Coinme's Crypto-as-a-Service platform to enable fully compliant fiat-to-crypto and crypto-to-fiat conversion services. Collaboration aims to facilitate mass-market adoption of DeFi and Web3.
- ExoduscoreExodus integrated Coinme's Crypto-as-a-Service platform to launch XO Pay, enabling in-app Bitcoin and crypto purchases. JP Richardson, CEO of Exodus: 'XO Pay represents our commitment to making cryptocurrency more accessible to everyday customers.'
- MoneyGramcoreStrategic partnership to develop a crypto-to-cash bridge. MoneyGram made strategic minority investment of approximately 4% in Coinme. Partnership enables MoneyGram customers to buy and sell cryptocurrency at physical locations, building on previous collaborations to expand Bitcoin accessibility via kiosks.
- CoinstarcoreLong-standing partnership enabling Bitcoin purchases at Coinstar kiosks. Coinstar provides hardware and retail locations; Coinme provides cryptocurrency technology and regulatory compliance. Over 6,000 Coinstar Bitcoin ATMs nationwide.
- Green DotminorGreen Dot provides banking services and infrastructure for Coinme. Service provided by Green Dot Corporation. Green Dot Bank is NMLS member.
Scale indicators8 records
Recent moves7 records
Expansion highlights6 records
Coinme competitors and assessment
Company assessmentEmerging players
- Alchemy Pay: Alchemy Pay is a crypto payment gateway enabling merchants and platforms to accept crypto and fiat through on/off-ramps. Overlaps with Coinme's stablecoin infrastructure and B2B payment modules, though more focused on merchant acceptance.
Broad incumbents
- BitPay: BitPay is a long-standing crypto payment processor offering merchant acceptance and wallet services. A broad incumbent that overlaps with Coinme's stablecoin payment and merchant use cases, though historically more B2B-merchant focused.
- Coinbase: Coinbase is the largest US-licensed crypto exchange, offering consumer buy/sell services and B2B infrastructure (Coinbase Prime, Coinbase Cloud). A broad incumbent that competes with Coinme across both consumer and enterprise segments, though without Coinme's cash-to-crypto specialization.
Direct peers
- Mercuryo: Mercuryo is a fiat-to-crypto on-ramp provider for wallets and dApps. Notable as both a Coinme partner (strategic US partnership) and a comparable infrastructure peer serving similar wallet and fintech customers.
- MoonPay: MoonPay is a leading Crypto-as-a-Service provider offering fiat-to-crypto on/off-ramp APIs to wallets, neobanks, and enterprises. Directly competes with Coinme's CaaS platform across web3 wallets, fintechs, and NFT platforms.
- Banxa: Banxa provides fiat-to-crypto on/off-ramp infrastructure for exchanges, wallets, and neobanks globally. Competes with Coinme's CaaS on/off-ramps module and shares the same B2B2C partner model.
- Paybis: Paybis (formerly Ramp Network) is a fiat-to-crypto payments and on-ramp platform serving wallets, exchanges, and fintechs. Directly comparable to Coinme's Crypto-as-a-Service API offering for fiat-to-crypto conversion.
- Bitcoin Depot: Bitcoin Depot is one of the largest Bitcoin ATM operators in North America, operating thousands of kiosks in retail locations. Directly competes with Coinme's Coinstar Bitcoin ATM network in the cash-to-crypto consumer segment.
- Transak: Transak is a global fiat-to-crypto on-ramp provider used by major wallets and dApps. Competes directly with Coinme in embedded crypto purchasing infrastructure for Web3 wallets and exchanges.
- RockItCoin: RockItCoin operates a US Bitcoin ATM network and digital exchange, directly competing with Coinme's retail cash-to-crypto and ATM services in regional markets.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks5 records
Key highlights6 records
Customer concentration
Coinme social profiles
Digital presenceCoinme compliance and trust
Trust signalCompliance4 records
Coinme financial estimates
Financial estimateRevenue estimate
Valuation estimate
Coinme leadership team
Management profileNumber of profiles
Profiles9 records
Coinme funding detail
Funding detailFunding overview
Funding rounds7 records
Investors9 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Coinme M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Coinme
What does Coinme do?
Coinme operates a licensed US cryptocurrency exchange combining a consumer-facing mobile app for buying, selling, and managing 11 cryptocurrencies with the nation's largest cash-to-crypto retail network (40,000+ locations including Coinstar Bitcoin ATMs, Coinme Cash checkout counters, and ReadyCode ATMs). For enterprises, Coinme offers a Crypto-as-a-Service (CaaS) API platform that enables fintechs, wallets, neobanks, and remittance apps to embed compliant fiat-to-crypto on/off-ramps, stablecoin payments, KYC/AML, custody, and liquidity under white-label branding.
Is Coinme a public or private company?
Coinme is a private company. It is classified as corporate owned and is currently acquired.
When was Coinme founded?
Coinme was founded in 2014. It employs 51 to 100 people.
Where is Coinme based?
Coinme is headquartered in Seattle, United States, in the North America region.
How does Coinme make money?
Three revenue lines are on record. Consumer Crypto Transactions are the primary driver. The others are crypto-as-a-Service (CaaS) Enterprise Licensing and white-Label/API Partnerships.
Who are Coinme's main competitors?
Alchemy Pay is listed as an emerging player. Broad incumbents are BitPay and Coinbase. Direct peers are Mercuryo, MoonPay, Banxa, Paybis, Bitcoin Depot, Transak and RockItCoin.
Does Coinme have an API?
Yes. Coinme offers a RESTful Crypto-as-a-Service (CaaS) API enabling businesses to embed fiat-to-crypto conversion, on/off-ramps, stablecoin settlement, KYC/AML compliance, custody, liquidity, and real-time transaction monitoring. Available to enterprise and B2B partners via API key access, with sandbox/test mode environments, webhook support, and SDKs in Python and JavaScript. Developer documentation is at docs.coinme.com.
What industry is Coinme in?
Coinme's product category is Cryptocurrency Exchange and Crypto Infrastructure. Its primary akta.pro industry code is FSADAIAE, On/Off-Ramp Providers (Fiat↔Crypto) & Cash-In/Cash-Out Networks, with a secondary code of BPAMAFAL, Crypto Payments & Stablecoin Settlement Platforms. Its NAICS code is 52321 and its SIC code is 6199.