Gate News message, April 9, Bitcoin Bancorp announced the launch of a licensed Bitcoin ATM network deployment in Southern California in the United States. The first batch of machines has already been deployed in the Los Angeles area, marking a new phase in its U.S. retail expansion. This deployment follows the company’s earlier rollout in Texas and reflects its strategic execution to accelerate expansion in core markets. According to Globenewswire, the U.S. currently has more than 35k Bitcoin ATMs, and the industry size is expected to grow from about $267 million in 2025 to $7.68 billion by 2034. With its large population base, mature technology ecosystem, and higher rates of cryptocurrency adoption, California has become an important growth market; overall installed capacity ranks among the top in the U.S., just behind states such as Texas.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Bitcoin's 20% April Rally Driven by Futures, Not Spot Demand; CryptoQuant Warns of Correction Risk
According to CryptoQuant, Bitcoin's 20% April rally—rising from around $66,000 to as high as $79,000—was driven primarily by perpetual futures demand while spot demand remained negative throughout the period. The onchain analytics firm said this divergence mirrors patterns historically associated
GateNews1h ago
DCG Founder Barry Silbert Says $2 Trillion Bitcoin Demand Exists; Privacy Coins Like Zcash to Benefit
According to ChainCatcher, Barry Silbert, founder of Grayscale parent Digital Currency Group, said on X that global markets have not recognized $2 trillion in demand for decentralized digital value storage tools like Bitcoin. As privacy needs become clearer, privacy coins such as Zcash will
GateNews1h ago
Dragonfly Partner: Retail Investors Exit Crypto Market as Institutions Support Bitcoin Price Floor
According to Dragonfly partner Haseeb Qureshi, as reported by Odaily, retail investors have significantly exited the crypto market, while institutions are forming the price floor for Bitcoin. Qureshi noted that Bitcoin is increasingly viewed as a mature asset with sustained growth potential over the
GateNews1h ago
AIMCo Returns to Saylor's Bitcoin Treasury, Gains $69M
Canadian pension fund AIMCo has returned to investing in Michael Saylor's bitcoin treasury company after a prior exit, now holding an unrealized gain of $69 million, according to the report. The move represents a re-entry into the investment following the fund's earlier decision to withdraw from the
CryptoFrontier3h ago
Bitcoin Rises 3% in 24 Hours, Targets $80,000 as Stocks Rally and Oil Falls
Bitcoin rose nearly 3% over the past 24 hours, maintaining its push toward the $80,000 level. The move coincided with gains in equities and a decline in oil prices, driven by optimism surrounding Iran-related developments.
GateNews3h ago
