Bitcoin ATM operator Bitcoin Depot launched on the Nasdaq stock exchange, making it the first U.S. company of its kind to go public. Bitcoin Depot is listed under the ticker BTM.
Based in Atlanta, Georgia, Bitcoin Depot said it is the largest provider of Bitcoin ATMs in North America, with 6,440 kiosk locations.
“Bitcoin Depot is well positioned with the largest market share in North America, and the additional capital from this transaction will help support our numerous growth opportunities while advancing our mission to safely [and] securely bring Bitcoin to the masses,” Bitcoin Depot founder and CEO Brandon Mintz said in the official announcement.
A Bitcoin or crypto ATM is like a regular ATM, but allows users to buy and sell digital assets. Would-be traders can buy and sell coins and tokens quickly via such ATMs without having to deal with setting up an account with an exchange.
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