Coinme Reaches $1 Billion in Retail Sales, Celebrates 10th Anniversary

Coinme, a trailblazer in the cryptocurrency cash exchange realm, proudly announces a significant milestone: surpassing $1 billion in retail sales. This achievement commemorates a decade since Coinme’s inception as the pioneer of the world’s first licensed bitcoin ATM. With over 40,000 physical locations nationwide, Coinme has revolutionized crypto accessibility for everyday consumers, cementing its status as the largest cash-to-crypto physical ecosystem in the U.S.

Neil Bergquist, CEO and co-founder of Coinme, reflects on the company’s journey, stating, “We founded Coinme in 2014 because we believed in the power of crypto to help people improve their everyday financial lives. New technologies and asset classes are usually only available to a select few. True to the servant ethos of bitcoin, we’re pleased to have made bitcoin accessible for all. We’ve weathered many market cycles and are proud to emerge from the recent bear market profitable, growing quickly and marking a decade of providing dependable retail access to crypto.”

Driving Mainstream Adoption through Partnerships

Coinme’s innovative approach to crypto adoption extends beyond its physical locations. By partnering with industry giants like Coinstar® and MoneyGram, Coinme ensures crypto accessibility within five miles for over 90% of the American population. This retail-centric strategy distinguishes Coinme from traditional crypto exchanges, resonating with mainstream users seeking convenient and trustworthy crypto avenues.

Coinme’s accomplishments haven’t gone unnoticed. The company has garnered accolades from esteemed institutions, including ranking first in Washington state as the fastest-growing company by Deloitte Technology in 2021. With $35 million in funding from industry leaders like Pantera Capital and Ripple, Coinme is poised for further growth and innovation in the realm of mainstream crypto adoption.