![]() 5000, two years in a row.įor more information about CoinFlip, please visit join the conversation on Facebook, Twitter, Instagram and LinkedIn.ĬoinFlip is a leading fintech company powered by cryptocurrency. 1 fastest-growing company in Chicago by Crain's Chicago Business and ranked within the top 100 on the Inc. CoinFlip increased revenue by $30 million from 2021 to 2022 and was named the No. The company is projected to grow its team by 23% before the end of 2023 and has shown no signs of slowing down. CoinFlip is proud to make owning physical gold more accessible and secure for all."ĭespite rough market conditions, CoinFlip has seen significant growth in the last year nearly doubling its headcount and expanding its ATM presence globally to Puerto Rico, Canada and Australia. "With spot gold prices reaching all-time highs and bitcoin approaching 9-month highs, PAXG provides investors a reliable way to diversify their portfolio beyond traditional financial institutions. Cryptocurrency is often referred to as "digital gold," so providing a way to tokenize a physical asset offers a unique intersection between traditional investments in precious metals and the innovative world of cryptocurrency," said Ben Weiss, CEO and Co-Founder of CoinFlip. ![]() ![]() "We're thrilled to offer a way to purchase physical gold through our ATM kiosks and Trade Desk. As trades are conducted on the Ethereum blockchain, transactions can occur almost instantly through CoinFlip kiosks located across the United States. All investors can redeem their tokens for physical gold, fiat currency, or unallocated gold entitlements. Each PAXG token is backed by one fine troy ounce of gold stored in LBMA vaults in London. PAXG provides investors with a cost-effective means of owning investment-grade physical gold in a digital form, without the hassle of logistical shipping and storage challenges, aggressive fees, or security risks. With gold historically known as a smart investment choice and a hedge against inflation, CoinFlip is dedicated to making alternative investment options available for anyone looking to securely diversify their portfolio. ![]() By adding this valuable asset to its portfolio, CoinFlip is bridging the gap between digital and physical assets, enabling more people to invest in gold through PAXG tokens. The new listing will allow investors to buy physical gold, without the hassle of transport or storage, via tokenized asset at CoinFlip's crypto ATMs and online Trade DeskĬHICAGO, Ma/PRNewswire/ - CoinFlip, a leading fintech company powered by cryptocurrency, announces today that PAX Gold token (PAXG) is now listed and available for purchase across its network of 4,000 ATM kiosks in the United States and Puerto Rico, as well as the company's online Trade Desk. ![]()
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