Coinsource Completes Historic Bulk Installation on West Coast

March 13, 2017         By: Mike Dautner

Coinsource, is one of the big boys in the the digital currency space and is a leading bitcoin ATM network. It has just announced that it has added 14 new machines in California this month.

This is their largest ever multi-machine installation in any one particular area. Last year, the bitcoin ATM dynamo was adding on average, about 1.2 machines per week.

Now, with just two months gone in 2017, they are installing new machines at a rate of 2.3 machines per week. With the addition of 14 brand new machines across Northern and South California, Coinsource has shot up to the state’s leading bitcoin ATM operator, with 32 machines active across the state. Coinsource now controls 30 percent of the overall Bitcoin ATM market in California.

CEO and Co-founder of Coinsource Sheffield Clark commented, “In the past, we’ve seen a tremendous amount of success with our machines on the West Coast. California is currently the most densely populated state with bitcoin ATM machines, and to become the leader in this market is a proud moment for our company. The double-digit addition in the Golden State is testament to the team’s hard work and our loyal customers. A trend we stay atop of is the increased utility and adoption of bitcoin, and its extremely exciting to see its transition from niche to mainstream.”

Coinsource has brought forth 8 new machines in SoCal, with one in San Marcos, two in San Diego, one in Santa Ana, one in Pacoima, and three in LA.

“We are always looking for ripe new markets to expand into and are really excited about entering Q2 closing in on a total of 100 machines. Whilst that is a milestone worth celebrating, what we’re most thrilled about is the industry as a whole. Machines are popping up in countries like China, Russia, South Korea, Ireland, Mexico and France, so it’s great to know that accessibility to our generation’s hottest asset is increasing everyday,” Clark concluded.