Finance Feeds logo

Coinsource Introduces Bitcoin ATMs to the Midwest

Coinsource, the world’s largest bitcoin ATM network, today announced their first push into the Midwest, by placing three machines in St Louis. Tapping into the Missouri market, the expansion brings the Coinsource portfolio to over 80 machines nationwide with a 14% total market dominance in the United States. Coinsource CEO Sheffield Clark said, “After coming […]

Coinsource, the world’s largest bitcoin ATM network, today announced their first push into the Midwest, by placing three machines in St Louis. Tapping into the Missouri market, the expansion brings the Coinsource portfolio to over 80 machines nationwide with a 14% total market dominance in the United States.

Coinsource CEO Sheffield Clark said, “After coming off a landmark year in 2016, our sights are set even higher. Bitcoin has seen some fluctuations early this year but I’ve never seen such resilience before and it continues to grow steadily in value, demand and trading volume. We plan to enter as many new markets as possible, especially capital cities and large population centers to continue scaling and matching customer requests. By the end of Q1, we hope to bring our tally to 100 machines.”

With customer satisfaction and user simplicity as the most important ingredients to Coinsource’s success, the Texas based company strategically installs machines in high foot and vehicle traffic areas, and within popular stores open most of the day and night. In St. Louis, Coinsource introduced two new machines in Phillips 66 gas stations, one located at 7498 Delmar Blvd and one located at 4300 South Kings Highway. Both machines are within 10 miles of the city’s center. The third machine was added in the A1 Market at 3336 Pershall Road St. Louis, near the St Louis Community College and the Christian College, leveraging the growing number of millennials using bitcoin for everyday transactions.

Clark added, “It’s both challenging and rewarding every time we enter a new state because our business succeeds when we set trends, rather than follow them. We are in 9 states now and will continue to pepper the country with ATMs, as well as upgrade many of our existing kiosks with both buy and sell functionality. In 2016, we were installing bitcoin ATMs at an average of 1.2 machines per week. We hope to double that this year.”

The Coinsource bitcoin ATM network offers amongst the lowest of fees in the industry, with machines active in California, Louisiana, Missouri, Nevada, New Jersey, New York, Pennsylvania, Tennessee, and Texas.

For more information, please see the details below or visit www.coinsource.net.

Subscribe

Read this next

Fintech

TNS brings full-stack market data management to EMEA

“We are also delighted to have Ben Myers join our London-based TNS Financial Markets team as Head of Strategic Sales for EMEA, to bolster our presence in the region.”

Chainwire

Velocity Labs and Ramp Network facilitate fiat to crypto onramp on Polkadot via Asset Hub support

Velocity Labs is proud to announce a fiat to crypto onramp using Ramp Network through the integration of Asset Hub. Through it, Ramp will be able to service any parachain in the Polkadot ecosystem.

Symbol of Ramp network
Executive Moves

INFINOX hires Mayne Ayliffe as Global Head of HR

“I look forward to working with our teams around the world to develop a strategic HR agenda that supports high performance and is centred on human motivation.”

Mayne Ayliffe joins INFINOX
Fintech

Sterling to provide risk and margin support for fixed income

“Firms must have the tools to effectively manage their risk across all asset classes. As yields rise, we see more exposure from clients in the fixed income space. We understand their need to measure and mitigate risk in a highly regulated environment.”

Retail FX

FXOpen launches HK share CFDs: Tencent, Alibaba, Xiaomi, Baidu

Hong Kong share CFDs will be commission-free for a limited period of time.

Retail FX

IronFX Celebrates an Award-Winning Start to 2024 with a Series of Industry Recognitions

IronFX, a global leader in online trading, has embarked on 2024 with a spectacular display of accolades that highlight its commitment to excellence and innovation in the competitive financial services sector.

Industry News

FIA urges CFTC to regulate use cases rather than AI itself

“We urge the CFTC to refrain from crafting new regulations that generally regulate AI because this approach presents certain well-known pitfalls. By approaching the issue from the perspective of AI as a technology, rather than the use case for the technology, corresponding regulations would likely necessitate a definition of AI. We anticipate that any attempt to properly define AI would be very challenging and require considerable resources.”

Education, Inside View

The Power of Public Relations in Finance: Shaping Perceptions & Building Reputation

It’s safe to say that the finance industry has faced its share of reputation crises over the years, from the 2008 financial collapse to the many scandals around irresponsible lending, political corruption, and even Ponzi schemes. 

Journalists interviewing a man with blue and red microphone
Digital Assets

Crossover’s crypto ECN executed over $3 billion in Q1 2024

“Our growth is also driving continued increases in the percentages of trades that are ‘Order Crossing Order’ (OXO). Currently, roughly 10% of all trades executed on CROSSx are OXO, another differentiator in our platform’s capacity. This capacity and our unique execution model provide value to both the market maker and taker, as evidenced by our commercial model.”

<
✖