CoinFlip Explores Potential Sale with Valuation Target of $1 Billion
CoinFlip, operating over 5,500 cryptocurrency ATMs worldwide, is exploring a potential sale amid increased merger and acquisition activity in the digital asset sector. Key points include:
- Working with an advisor to assess buyer interest
- Seeking at least $1 billion, though valuation is uncertain
- Discussions are in early stages and may not lead to a deal
- CoinFlip's exploration follows high-profile acquisitions in 2025, driven by rising bitcoin prices
- Notable players like Kraken, Ripple, and Coinbase have made significant deals this year
- Founded in 2015, CoinFlip has expanded into markets including Australia, New Zealand, and South Africa
- Facilitates crypto transactions at physical terminals for users preferring in-person access
- Raised seed funding in 2018 from investors such as Shoreline Venture Management and JetBlue’s VC arm