Coinbry

  • Market Cap: $2,478,692,247,185.60
  • 24h Vol: $143,207,101,512.24
  • BTC Dominance: 51.78%
Bitbuy forms strategic partnership with Canadian cryptocurrency ATM company Localcoin

Bitbuy forms strategic partnership with Canadian cryptocurrency ATM company Localcoin

Localcoin ATM Expands Cryptocurrency Offerings and Announces Partnership with Bitbuy

Localcoin ATM, Canada’s largest Bitcoin ATM provider, is set to expand its range of cryptocurrency offerings and launch a wallet app. The company has announced a strategic partnership with Bitbuy, a leading cryptocurrency exchange in Canada.

The partnership will leverage Bitbuy’s exchange platform and deep liquidity to enhance Localcoin’s crypto ATM offerings throughout Canada. With this collaboration, Bitbuy’s digital asset services will now power nearly 50% of Canada’s Bitcoin ATMs.

Localcoin operates the largest cryptocurrency ATM network in Canada, with its 900 machines accounting for approximately 33% of the national total. This positions Canada as the second-highest adopter of cryptocurrencies globally, after the United States.

The move comes as the Ontario Securities Commission revealed that over 30% of Canadians plan to buy crypto assets in 2023. Despite recent regulatory changes leading to the exit of some crypto companies from the Canadian market, increased regulatory clarity has attracted institutional investors to Canada’s cryptocurrency and digital asset space.

In addition to the partnership, Localcoin ATM CEO Tristan Fong announced the upcoming launch of the Localcoin Wallet app and an extended range of cryptocurrencies available at their ATMs. These developments aim to bring crypto to the masses and provide users with more options for buying and selling cryptocurrencies.

Summary:

– Localcoin ATM is expanding its cryptocurrency offerings and launching a wallet app.

– The company has partnered with Bitbuy, a leading cryptocurrency exchange in Canada.

– Bitbuy’s exchange platform and deep liquidity will enhance Localcoin’s crypto ATM offerings throughout Canada.

– With this partnership, Bitbuy’s digital asset services will power nearly 50% of Canada’s Bitcoin ATMs.

– Localcoin operates the largest cryptocurrency ATM network in Canada, accounting for approximately 33% of the national total.

– Canada is the second-highest adopter of cryptocurrencies globally, after the United States.

– Over 30% of Canadians plan to buy crypto assets in 2023, despite recent regulatory changes.

– The partnership and upcoming developments aim to bring crypto to the masses and provide users with more options for buying and selling cryptocurrencies.

Please enter and activate your license key for Cryptocurrency Widgets PRO plugin for unrestricted and full access of all premium features.