This bootstrapped bitcoin ATM startup did $50M in revenue last year

A Chicago bitcoin ATM operator is expanding rapidly across the U.S. as it looks to make crypto buying and selling more accessible to the masses. And it’s doing tens of million in revenue without any venture funding.

CoinFlip, founded in 2015, has become one of the dominant players in the cryptocurrency ATM space with around 2,500 machines spread out across 47 states. It did more than $50 million in revenue last year, CEO Ben Weiss said, growing to more than 200 employees.