Coinsource Expands its Bitcoin ATM Network in California, Nears 100 Machines

Texas-based Coinsource now claims to control 30% of the Bitcoin ATM market in the Golden State.

Coinsource, the Texas-based Bitcoin ATM network, has added 14 new machines in California this month, its largest ever multi-machine installation anywhere. With this move, Coinsource now operates 32 ATMs across the state, claiming to control 30% of the Californian market.

Coinsource 

Join the iFX EXPO Asia and discover your gateway to the Asian Markets

CEO and co-founder Sheffield Clark said: “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.”

Suggested articles

How the FX Industry Can Benefit from Outsourced ITGo to article >>

Coinsource has added eight new machines in Southern California, one located in San Marcos, two in San Diego, one in Santa Ana, one in Pacoima, and three in the Los Angeles area. In Northern California, it added six new ATMs, one each for Santa Clara, Sacramento, Daly City, Fremont, Hayward, and Richmond.

“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 every day,” Clark added.

Got a news tip? Let Us Know