Coinsource Surpasses 100 Bitcoin ATM Milestone With Early Year Push In New York

April 28, 2017         By: Mike Dautner

Coinsource, the world’s largest bitcoin ATM network, has reached the 100 machine milestone after a Q1 expansion in New York, adding 14 kiosks to the state since January.

Having been founded back in 2015, Coinsource becomes the premier bitcoin ATM company to pass the century mark, with a portfolio surging from 70 to 103 machines since the beginning of the year.

The company is based out of Forth Worth, and now controls approximately 36 percent of the market in America’s most populated city, operating 30 of the overall 83 machines in existence within the Tri-State area.

CEO and Co-founder Sheffield Clark said, “New York will always have a special place in our heart because it was the origin of our first successful bitcoin ATM, and we are proud to offer the lowest rates in this market. Bitcoin has been on a tremendous bull run this year too, up about 30%, so clientele is growing fast. In fact, bitcoin just broke its record high of $1327 USD (Coindesk index), this morning hitting $1328.06 per. Our job is to keep providing customers with convenience and instant access to the world’s highest performing currency, across all hours of the day and night, which is rather appropriate for the city that never sleeps.”

New York becomes Coinsource’s second biggest state market, just on the heels of California’s 34 machines. The 14 machine bulk installation comes with the bitcoin ATM in the JFK International Airport.

Clark added, “Breaking triple digits was earmarked as one of our main goals for our five-year business plan, but we’ve reached it several years earlier than expected. We have many more surprises in the pipeline for 2017, and are currently conducting the groundwork for rapid expansion across the country.”