Bitcoin ATM Operator CoinFlip Eyes $1B Sale Amid Crypto ATM Industry Shake-Up
The post Bitcoin ATM Operator CoinFlip Eyes $1B Sale Amid Crypto ATM Industry Shake-Up appeared on BitcoinEthereumNews.com.
CoinFlip, the biggest Bitcoin ATM player in the U.S, is considering a sale as regulatory pressure and market consolidation ramp up. Despite that, they’re expanding globally and leaning into new tech like programmable Bitcoin and the Olliv app. CoinFlip, the biggest Bitcoin ATM provider in the U.S., is reportedly looking at a potential sale with hopes of securing a valuation of $1 billion, marking a big shift for the crypto ATM space. Started in 2015, the Chicago-based fintech has scaled quickly, now operating over 5,500 ATMs across 10 countries, with recent expansion into markets like Mexico and Australia. All this is happening while the crypto ATM space faces mounting regulations, higher costs, and a wave of companies either merging or tapping out. CoinFlip’s possible sale looks like a calculated move as the crypto ATM space grows but gets tougher to navigate. Even with nearly 40,000 Bitcoin ATMs now worldwide, the industry’s feeling the pressure—from higher running costs and wild price swings to stricter rules. It’s pushing companies to rethink how they operate and whether their current models can really hold up long-term. CoinFlip’s already taken some hits. Back in 2023, a major data breach exposed personal info of over 36,000 users, spotlighting just how shaky cybersecurity can be in fast-moving fintech. Around the same time, Illinois lawmakers started pushing for tighter rules on crypto ATMs—like mandatory registration and stricter reporting—which only added more weight to an already growing pile of regulatory pressure. Strategic Shift as the Industry Tightens Even with all the setbacks, CoinFlip’s been pushing forward. They’ve jumped into Bitcoin Layer 2 through Stacks to roll out programmable Bitcoin features, and dropped their own app, Olliv, letting users buy, sell, and store crypto without needing a physical ATM. It’s clear they’re not just sticking to machines—they’re aiming to build…
