Daily Management Review

Largest operator of cryptocurrency ATMs enters stock exchange


The largest bitcoin ATM operator in the world, Bitcoin Depot, plans to join the exchange.

Coindesk reports that the organization intends this by entering into a merger agreement with SPAC (special purpose acquisition company) GSR II Meteora.

The market capitalization of Bitcoin Depot, which will be listed on NASDAQ, is anticipated to be $885 million.

Bitcoin Depot was established in 2016. Currently, the business only has roughly 7,000 cryptocurrency ATMs in North America.

By registering their cryptocurrency wallets with Bitcoin Depot, users may use ATMs to exchange cash for bitcoins and other cryptocurrencies.

source: cnn.com