Coinme Surpasses $1 Billion in Retail Sales, Marks 10th Anniversary
SEATTLE, May 1, 2024 /PRNewswire/ -- Coinme, a leading cryptocurrency cash exchange in the U.S., proudly announced today that it has surpassed a milestone of $1 billion in retail sales, marking 10 years since their launch of the first licensed bitcoin ATM in the world. Within a decade, Coinme has grown into the only crypto exchange with over 40,000 physical locations to purchase and sell crypto with cash through key partners, including Coinstar® and Moneygram. It has also achieved a yearly average growth rate of 164% since its inception. The company's resilience and profitability are attributed to its commitment to offering everyday consumers user-friendly, reliable, and trustworthy access to crypto right in their neighborhoods.
- "We founded Coinme in 2014 because we believed in the power of crypto to help people improve their everyday financial lives," said CEO and co-founder, Neil Bergquist.
- Coinme has maintained a close working relationship with regulators since its inception, demonstrating its unwavering commitment to regulatory rigor.
- Through its partners, there is a Coinme location within five miles for more than 90% of the American population.
- By offering bitcoin and other cryptos through branded partners in a trusted retail setting, Coinme helped solve crypto's trust problem.