CoinFlip, a Chicago-based operator of greater than 5,500 cryptocurrency ATMs globally, is exploring a possible sale as merger and acquisition exercise heats up throughout the digital asset sector, in accordance with Bloomberg.
The corporate is working with an advisor to gauge purchaser curiosity, the report mentioned. CoinFlip might search at the very least $1 billion in a deal, although the valuation is much from assured. Discussions are nonetheless in early levels and will not end in a transaction.
CoinFlip’s transfer follows a wave of high-profile crypto acquisitions in 2025, pushed by a rally in bitcoin’s
worth. Gamers like Kraken, Ripple and Coinbase have inked offers price over billions of {dollars} this 12 months, with others eyeing acquisitions to bolster their steadiness sheets or put together for public listings.
Based in 2015, CoinFlip has expanded its footprint past the U.S. to markets like Australia, New Zealand and South Africa. It permits customers to purchase and promote crypto at bodily terminals, catering to prospects preferring in-person transactions or lack entry to digital platforms.
The agency raised seed funding in 2018 from buyers together with Shoreline Enterprise Administration and JetBlue’s VC arm.
