Coinsource marks 100th bitcoin ATM deployment

Coinsource, which bills itself as the world's largest bitcoin ATM network, recently passed the 100-machine milestone in Q1 with 14 new installations in New York state, including two with buy-sell capability.

Within just two years of its founding, the company has surpassed the 100-machine milestone, having added 33 machines in the first quarter of 2017, according to a press release.

The Fort Worth-based company said that it now controls 36 percent of the market in the New York City area as the operator of 30 of the city's 83 machines. The company's largest state market is California where it operates 34 machines, currently.

"Breaking triple digits was earmarked as one of our main goals for our five-year business plan, but we've reached it several years earlier than expected," Coinsource Co-founder and CEO Sheffield Clark said in the release. "We have many more surprises in the pipeline for 2017, and are currently conducting the groundwork for rapid expansion across the country."

Coinsource currently operates 103 machines in nine states, including California, Louisiana, Missouri, Nevada, New Jersey, New York, Pennsylvania, Tennessee and Texas.

Topics: Bitcoin, Hardware

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