CoinFlip Explores Potential $1 Billion Sale Amid Growing Crypto M&A Activity
CoinFlip, a Chicago-based company operating over 5,500 cryptocurrency ATMs worldwide, is considering a potential sale as merger and acquisition activity accelerates across the crypto industry, Bloomberg reports.
The firm is reportedly working with advisors to assess buyer interest and could aim for a valuation of at least $1 billion. However, discussions are in the early stages, and there is no certainty that a deal will materialize.
This potential sale comes amid a surge in crypto sector acquisitions fueled by bitcoin’s ongoing rally, which has pushed its price above $104,000. Major industry players such as Kraken, Ripple, and Coinbase have completed multibillion-dollar deals in 2025, with others pursuing acquisitions to strengthen their financial positions or prepare for public listings.
Founded in 2015, CoinFlip has expanded beyond the U.S., establishing a presence in markets like Australia, New Zealand, and South Africa. The company’s ATM network allows users to buy and sell cryptocurrencies in person, catering to customers who prefer physical transactions or lack access to digital exchanges.
CoinFlip secured seed funding in 2018 from investors including Shoreline Venture Management and JetBlue’s venture capital arm.
