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Crypto ATM giant Bitcoin Depot goes public on Nasdaq

Published 07/04/2023, 11:27 AM
Updated 07/04/2023, 11:30 AM
Crypto ATM giant Bitcoin Depot goes public on Nasdaq
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Crypto.news - Bitcoin Depot, a prominent bitcoin ATM operator, has successfully launched on the Nasdaq stock exchange, becoming the first US company in the bitcoin ATM industry to go public.

This significant milestone follows the recent announcement of the company’s merger with GSR II Meteora, a blank check company, solidifying its position as the first publicly listed bitcoin ATM provider in the United States.

Bringing bitcoin to a broader audience

Bitcoin Depot, headquartered in Atlanta, Georgia, has established itself as the leading bitcoin ATM provider in North America, boasting an extensive network of 6,440 kiosk locations. These bitcoin ATMs function similarly to traditional ATMs but offer users the convenience of buying and selling digital assets.

With a bitcoin or crypto ATM, individuals can swiftly engage in cryptocurrency transactions without the need to navigate the complexities of setting up an account on a digital exchange. These ATMs enable users to buy and sell various coins and tokens with ease.

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