CoinFlip, based in Chicago and operating more than 5,500 cryptocurrency ATMs worldwide, is exploring a potential sale as merger and acquisition activities ramp up across the digital asset industry, according to Bloomberg.

The company is seeking guidance from an advisor to assess buyer interest. They aim for a valuation of at least $1 billion, although the final valuation remains uncertain. Initial discussions are ongoing, and it may not culminate in a deal.

Key Details:

• CoinFlip is considering potential sale options amid a boom in crypto acquisitions, supported by climbing cryptocurrency prices.
• The company has extended its reach beyond the United States to countries like Australia, New Zealand, and South Africa, allowing transactions for users preferring physical exchanges over digital platforms.
• CoinFlip initially received seed funding in 2018 from investors, including Shoreline Venture Management and JetBlue’s venture capital arm.

The consideration of a sale follows a series of significant acquisitions in the crypto space throughout 2025, linked to a rise in Bitcoin’s value and other digital currencies, suggesting a potential acquisition boom in the market.