Bitcoin Depot, a bitcoin and cryptocurrency ATM network based in Atlanta, Georgia, recently announced the acquisition of a competitor, DFW Bitcoin. Bitcoin Depot ATMs allow users to buy and sell Bitcoin, Litecoin, Ethereum and Bitcoin Cash.
“Our acquisition of DFW Bitcoin is exciting news for both Bitcoin Depot and the Bitcoin ATM industry at large. 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.”
“Bitcoin Depot has contributed to the growth of the Bitcoin ATM industry by operating nearly 300 Bitcoin ATMs in the United States to date. Our company expects to have over 1,000 Bitcoin ATMs deployed by the end of 2020.”
Bitcoin Depot is currently the largest multi-cryptocurrency ATM operator in the world, having jumped from third place to number one in less than a year.
Bitcoin ATMs, also called BATMs or Bitcoin kiosks, are one of the fastest-growing industries in the world due to the increased demand for physical cryptocurrency transactions.