Crypto ATM Giant CoinFlip Considers Sale Amid Industry Consolidation, Eyes $1B Valuation
CoinFlip, one of the largest cryptocurrency ATM providers, is exploring a possible sale as the crypto sector undergoes a wave of consolidation driven by Bitcoin’s price rally, Bloomberg reported.
The Chicago-based firm, which operates more than 5,500 ATMs globally, has engaged an advisor to assess potential interest from buyers. While the company is reportedly targeting a valuation of at least $1 billion, the process is still in its early phases and may not result in a final deal.
CoinFlip’s potential sale comes as Bitcoin trades above $104,000, fueling a sharp uptick in crypto M&A activity in 2025. High-profile acquisitions by firms such as Coinbase, Ripple, and Kraken have already reshaped the competitive landscape this year.
Since its founding in 2015, CoinFlip has expanded beyond the U.S. into markets like South Africa, New Zealand, and Australia, offering users in-person access to crypto through physical terminals. Its services appeal to those who prefer or rely on cash-based crypto transactions.
The company raised early funding in 2018 from Shoreline Venture Management and JetBlue’s venture capital arm.
