Coinflip, a Chicago -based operator of more than 5,500 automatic cryptocurrency cashiers worldwide, is exploring a possible sale as the merger and acquisition activity is heated throughout the digital asset sector, according to Bloomberg.
The company is working with an advisor to measure the buyer’s interest, according to the report. Coinflip could seek at least $ 1 billion in an agreement, although the valuation is far from guaranteed. Discussions are still found in the early stages and may not result in a transaction.
The Coinflip movement follows a wave of high -profile cryptographic acquisitions in 2025, driven by a Rally in Bitcoin’s
price. Players like Kraken, Ripple and Coinbase have signed agreements that are worth more than billions of dollars this year, and others look acquisitions to reinforce their balances or prepare for public lists.
Founded in 2015, Coinflip has expanded its footprint beyond the United States to markets such as Australia, New Zealand and South Africa. It allows users to buy and sell cryptography in physical terminals, attending to customers who prefer transactions in person or lack access to digital platforms.
The firm raised initial funds in 2018 from investors, including Shoreline Venture Management and Jetblue VC arm.
