, who list goods on sites like eBay or Craigslist with instructions for purchasers to pay by depositing physical currency in an ATM.
Bitcoin Depot operates over 6,000 such machines, representing a 20% market share of ATMs in the U.S. and a 17.6% global share, according to data fromWith the crypto ATM market"highly fragmented," according to Bitcoin Depot CEO Brandon Mintz, there is a lot of room for consolidation in the sector, on which the firm is now setting its sights.
"There's a few dozen operators with over 100 bitcoin ATMs in the U.S. alone and there has not been a lot of M&A activity in this space compared to other parts of the crypto and blockchain industry," Mintz told CoinDesk in an interview."Rolling up this highly fragmented market is a really exciting opportunity for us.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Coin Coin Latest News, Coin Coin Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Crypto ATM Operator Bitcoin Depot Debuts on Nasdaq Following SPAC Merger.Bitcoin_Depot, the world's largest crypto ATM operator, listed on Nasdaq on Monday following its $885 million merger with a special purpose acquisition company. By JamieCrawleyCD
Source: CoinDesk - 🏆 291. / 63 Read more »
Tim Draper Adjusts Timeframe for His $250K Bitcoin Price Forecast – Markets and Prices Bitcoin NewsVenture capitalist TimDraper is still optimistic that bitcoin will reach $250K but noted that it may take 'a little longer.' $BTC crypto cryptocurrency
Source: BTCTN - 🏆 531. / 51 Read more »
Bitcoin, Ethereum Technical Analysis: ETH Nears $2,000, Ahead of US Independence Day – Market Updates Bitcoin NewsEthereum moved closer to $2,000 on Monday, as markets prepared for a short, but busy week of U.S. economic data.
Source: BTCTN - 🏆 531. / 51 Read more »
Nasdaq Resubmits Blackrock Spot Bitcoin ETF Application, Inks Agreement With Coinbase for Surveillance-Sharing – Bitcoin NewsAfter the filing was re-submitted, some market observers suggested the move could give Blackrock an advantage.
Source: BTCTN - 🏆 531. / 51 Read more »
Bitcoin, Ethereum Technical Analysis: BTC Edges Closer to Fresh 1-Year High Above $31,000 – Bitcoin NewsBitcoin moved back above the $31,000 level on July 4th, as U.S. traders celebrated the Independence Day holiday.
Source: BTCTN - 🏆 531. / 51 Read more »