RATE Group | Cryptocurrency ATM Network Bitcoin Depot Acquires Texas-Based Competitor, DFW Bitcoin in…
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Cryptocurrency ATM Network Bitcoin Depot Acquires Texas-Based Competitor, DFW Bitcoin in…

07 Aug Cryptocurrency ATM Network Bitcoin Depot Acquires Texas-Based Competitor, DFW Bitcoin in…

Posted at 17:59h in Cryptocurrency News by

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Bitcoin Depot strengthens their leadership position in the market through acquisition and signals major growth in the cryptocurrency ATM industry

ATLANTA, Aug. 7, 2019 /PRNewswire/ — Bitcoin Depot, a cryptocurrency ATM network based in Atlanta, Georgia, today announced the acquisition of competitor, DFW Bitcoin. This acquisition is the first of its kind between Bitcoin ATM operators, and signals continued strong growth in the industry, in line with expert projections forecasting an annual compound growth rate of 46.61 percent by 20241.

“Our acquisition of DFW Bitcoin is exciting news for both Bitcoin Depot and the Bitcoin ATM industry at large,” says Brandon Mintz, CEO of Bitcoin Depot. “The ten existing DFW Bitcoin ATMs are added to the twenty-two Bitcoin Depot ATMs already located across Texas, strengthening our network, our position in the market, and supporting the evidence for major growth in the industry projected by experts.”

“The acquisition also demonstrates that Bitcoin…

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