1 week ago
CoinFlip, a Chicago-based relation of much than 5,500 cryptocurrency ATMs globally, is exploring a imaginable merchantability arsenic merger and acquisition enactment heats up crossed the integer plus sector, according to Bloomberg.
The institution is moving with an advisor to gauge purchaser interest, the study said. CoinFlip could question astatine slightest $1 cardinal successful a deal, though the valuation is acold from guaranteed. Discussions are inactive successful aboriginal stages and whitethorn not effect successful a transaction.
CoinFlip’s determination follows a question of high-profile crypto acquisitions successful 2025, driven by a rally successful bitcoin’s BTC price. Players similar Kraken, Ripple and Coinbase person inked deals worthy implicit billions of dollars this year, with others eyeing acquisitions to bolster their equilibrium sheets oregon hole for nationalist listings.
Founded successful 2015, CoinFlip has expanded its footprint beyond the U.S. to markets similar Australia, New Zealand and South Africa. It allows users to bargain and merchantability crypto astatine carnal terminals, catering to customers who similar in-person transactions oregon deficiency entree to integer platforms.
The steadfast raised effect backing successful 2018 from investors including Shoreline Venture Management and JetBlue’s VC arm.
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