CoinFlip Explores $1B Sale Amid Crypto M&A Surge

CoinFlip, a Chicago-based crypto ATM operator, is reportedly exploring a potential $1 billion sale as merger and acquisition activity accelerates in the digital asset space. According to Bloomberg, the company has enlisted a financial advisor to assess buyer interest, though talks are still in early stages and a deal is not guaranteed.

Founded in 2015, CoinFlip operates over 5,500 cryptocurrency ATMs across the U.S. and international markets including Australia, New Zealand, and South Africa. The firm enables users to buy and sell crypto directly at physical terminals—catering to customers who prefer in-person transactions or lack access to traditional banking services and online exchanges.

The company’s consideration of a sale aligns with a broader industry trend in 2025, as rising Bitcoin (BTC) prices—recently hovering around $101,500—fuel a wave of acquisitions. Major players like Kraken, Coinbase, and Ripple have closed multi-billion-dollar deals this year, aiming to expand their services and strengthen market positioning ahead of potential IPOs or further institutional growth.

CoinFlip previously raised early-stage funding in 2018 from Shoreline Venture Management and JetBlue Technology Ventures, and has since grown into a key player in the crypto ATM sector. Its global expansion and accessible user model highlight its appeal in a rapidly evolving digital finance ecosystem.

As investor interest returns to the crypto market, CoinFlip’s move could signal more consolidation ahead, especially among infrastructure providers serving retail crypto users.