Coinsource Completes Largest Bitcoin ATM Deployment This Month

Bitcoin ATM refers to an ATM machine that uses Bitcoin for exchange and transactions. Coinsource, the world's leading Bitcoin ATM operator, added 14 new machines in California, USA this month, which is their largest deployment operation ever.

As early as last year, the Bitcoin ATM giant was adding an average of 6 new ATMs per month; now, their installation rate has exceeded 10 per month. Coinsource added 8 new machines in Southern California, 2 in San Diego, 3 in the Los Angeles area, and 1 each in San Marcos, Santa Ana and Pacoima. In Northern California, 6 new self-service machines were installed, one each in downtown Santa Clara, Daly City, Fremont, Sacramento, Hayward and Richmond.

With the addition of 14 new machines in California this month, Coinsource has become the leading Bitcoin ATM operator in the United States. The Coinsource Bitcoin ATM network charges the lowest fees in the industry and has 96 machines installed across the United States. It is reported that Coinsource now controls 30% of the Bitcoin ATM market in California.

Coinsource CEO Sheffield Clark said that in the past, they have seen great success with their machines on the West Coast. California is currently the state with the highest concentration of Bitcoin ATMs, and it is an honor for their company to be the leader in this market. The double-digit growth of Bitcoin ATMs in California reflects the efforts of their team and the loyalty of their customers.

Another trend they are leading is the growing utility and adoption of Bitcoin, and Clark said he is excited to see it move from a business opportunity to the mainstream.