Partnership Between BitcoinATM360 & Coinsetter Offers Turn-Key Solution For ATM Operators
Partnership between exchanges and ATM's a welcomed sign that the industry is continuing to mature.
Coinsetter, a New York City based bitcoin exchange, today announced a partnership with BitcoinATM360, a leading provider of global sales, service and financing to the Bitcoin ATM industry.
BitcoinATM360 is run by an experienced team and has Bitcoin heavyweight Eddy Travia, Seedcoin’s Chief Startup Officer (CSO), on their board of advisers. The company’s stocks are traded on the Havelock Investments index under the ticker BTM.
Coinsetter is different to a traditional bitcoin exchange in the sense that it is an aggregate and offers trading across multiple stand-alone bitcoin exchange platforms. This provides it’s customers a much deeper order book and the ability to buy larger amounts of the Crypto-Currency without effecting the price on any one exchange.
The announcement comes with a new service from Coinsetter called ‘Bitcoin ATM Advance’. This service hopes to attract new customers to both companies under this partnership by waiving the first $500 in fees for Bitcoin ATM operators who sign a 1-year contract with the exchange.
With some Bitcoin ATMs available for under $5,000, the program’s savings will provide outstanding value to existing operators and entrepreneurs just entering the space
— – Coinstter CEO Jaron Lukasiewicz
One of the key requirements to any bitcoin ATM operator is the ability to leave Fiat money sitting in a secure exchange, ready to buy bitcoin on demand as customers use the ATM. This allows the ATM operator to have a steady supply of bitcoin while mitigating the risk of price volatility. Seeing such partnerships between trading platforms and ATM service providers is an indicator that the bitcoin economy is maturing.
Bitcoin ATM operators require an exchange backbone that is truly reliable, with high quality APIs that support their 24/7 business.
— – Coinstter CEO Jaron Lukasiewicz
Founded in 2012, Coinsetter’s aim is to offer high uptime, low latency trade execution and enterprise bitcoin security and is built by ex-Wall Street professionals.
At the time of writing, last bid on Coinsetter was $334.60, remarkably close to the global average of $334.19 measured on the BNC Index.
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