Gov. Pritzker And CoinFlip Announce Chicago Expansion and Historic New Headquarters At Old Post Office

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CHICAGO, Aug. 24, 2021 /PRNewswire/ — CoinFlip, the world ‘s conduct cryptocurrency ATM operator and the fastest-growing company in Chicago, today joined Governor JB Pritzker and local anesthetic leaders to announce a raw 44,000 square-foot headquarter located in the Old Post Office downtown. CoinFlip ‘s new headquarters represent a long-run committedness to the State of Illinois, with the largest lease by a cryptocurrency company in city history. With digest from the State of Illinois, the company will more than double its former office space and continue to increase its current head count across all departments of the caller .
“ We ‘re gallant to have founded CoinFlip in Chicago, Illinois, which has been our home for the last six years, and are excited to announce we ‘re growing. While CoinFlip is gallant to operate in 47 states, no other state is pioneering forward-thinking initiatives like Illinois that will make it not only a drawing card in cryptocurrency but a clear choice for our long-run plans, ” said Ben Weiss, CEO of CoinFlip. “ We ‘re committed to doing our function for the future of cryptocurrency equally well as for the Chicago community – and that ‘s why we ‘re making long-run plans to grow our team here while investing in programs to help local communities benefit from the expansion of cryptocurrency technologies. ”
CoinFlip was named the 2021 fastest-growing ship’s company in Chicago by Crain ‘s Chicago Business. Over the past few years, the locally based caller has expanded to over 2,700 ATMs across the nation, maintaining a strong record of regulative submission to ensure the safety and security of its customers. With this latest expansion, CoinFlip will keep that cardinal concentrate, ampere well as map out new opportunities internationally and across product lines .
“ Illinois has long been a ball-shaped drawing card in fiscal services. And nowadays we are building on that bequest, working to build a cryptocurrency regulative framework that ‘s best in the nation and expand access to das kapital for advanced companies, ” said Governor JB Pritzker. “ Congratulations to CoinFlip on recently being named by Crain ‘s as the fastest growing company in Chicago and thank you for your commitment to this city and state. I ‘m so gallant you are depart of the framework of our residential district – and I ‘m absolutely thrilled you are doubling down on Illinois. ”

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Reading: Gov. Pritzker And CoinFlip Announce Chicago Expansion and Historic New Headquarters At Old Post Office

The new 44,000 SF HQ will double the size of CoinFlip ‘s operations, paving the way for the company to increase its Chicago-based staff across all divisions and departments to add a minimal of 30 newly jobs, while retaining at least 138 jobs presently held in the Chicago function. The company signed a 12-year lease and will make an overall $ 17 million capital investment. CoinFlip qualified for an EDGE agreement offered by the Illinois Department of Commerce and Economic Opportunity ( DCEO ) to support companies making large-scale das kapital investments and long-run job universe commitments in Illinois communities .
“ CoinFlip ‘s headquarters expansion is a will to Illinois ‘ lastingness as a drawing card in technical school, and we are thrilled to celebrate their fresh investment that will create new well-paying jobs for those who call our country home, ” said DCEO Director Sylvia Garcia. ” Under Governor Pritzker ‘s leadership, more and more companies are choosing Illinois thanks to our reputation as a base to first endowment, advanced infrastructure, and supportive climate for startups to innovate. ”

CoinFlip is the latest fintech company to expand in Illinois, which is the home base for 58 different blockchain and cryptocurrency companies. Cryptocurrency is a natural burst for the state, which is already a ball-shaped hub for fintech and some of the largest in the earth fiscal exchanges, CME Group and the Chicago Board of Exchange, and over 150 companies doing business here, accounting for $ 7.7 billion a year. Cryptocurrencies are expected to grow significantly in the years ahead, with an expect 25 percentage increase in jobs headed to Illinois by 2025 .
Illinois is positioned to seize on the future emergence in the cryptocurrency diligence, thanks to the recent enactment of HB3968 by the Illinois House of Representatives earlier this year – which would establish digital asset rules for bank services arsenic well as effectively allow fiscal companies in Illinois to apply for a charter to operate and deal in crypto-assets. Pending approval by the Senate, this legislation puts Illinois at the forefront of regulating the emerging industry and allows companies access to lower bank services to operate in this fresh outer space .
“ I ‘m thrilled to see CoinFlip make Chicago its home, bringing hundreds of new fiscal engineering jobs to our city, ” said State Representative Margaret Croke (D-Chicago). “ Illinois already has the endowment and the infrastructure in put to be a global hub to this growing industry, and I hope that we continue to make advancement towards achieving that goal. ”

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“ I am delight that CoinFlip has chosen to establish their headquarters in Chicago, ” said State Senator Patricia Van Pelt (D-Chicago). “ The expansion of their invention and advance will only benefit our city and increase employment opportunities. I look forth to the execution of this development. ”
“ Cryptocurrency is becoming more and more popular, and it ‘s great to see Chicago will be home to the populace ‘s run cryptocurrency ATM operator, ” said State Senator Mattie Hunter (D-Chicago). “ Having CoinFlip ‘s headquarters right here in the city will give a much-needed boost to our job marketplace and economic future. ”
CoinFlip is presently developing community initiatives with a variety of national and local anesthetic partners, with special stress on the state of matter of Illinois, designed to improve literacy and education on all aspects of personal finance including the buy and sell of cryptocurrency. additionally, CoinFlip continues to invest in environmental projects, including working with the Canopy Project to implant a tree for every modern ATM installed around the country .
extra legislation is pending to support the growth of the cryptocurrency industry, building on policy and legislative accomplishments undertaken by the Pritzker administration since 2019. This includes the extension of the research and growth tax credit rating, equally well as the initiation of a business apprenticeship tax recognition put into effect last year – initiatives identified in the Governor ‘s 5-year economic plan for Illinois. The state continues to see rapid growth as the 5th largest cryptocurrency hub in the universe – thanks to its talent, cardinal localization giving companies flying access to anywhere in the worldly concern, american samoa well as its deep network of fiberoptics and the cover rapid increase of new data centers.

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More on CoinFlip:
CoinFlip is the leading Bitcoin ATM operator globally, with over 2,700 machines across 47 states supporting the buy and sell of nine major cryptocurrencies with cash. CoinFlip ‘s goal is to give the earth quick, easy, and dependable access to the benefits of cryptocurrency. The caller cuts distinctive transaction fees by half, offers an incredibly simpleton exploiter know, and introduced 24/7 customer support, which has now become an diligence standard. In 2020, CoinFlip launched Trade Desk, a high-end cryptocurrency over-the-counter trade feel with no investment minimums and no hidden fees. Trade Desk gives investors secure access to buy and sell cryptocurrencies of any dollar volume from one of the leading names in the crypto space .
Founded in 2015, CoinFlip is headquartered in Chicago. It was named the 2021 # 1 fastest-growing company in Chicago by Crain ‘s and awarded the 2021 Silver Stevie ® Award for Customer Service. For more information about CoinFlip, please visit .
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