Luxembourg-based cryptocurrency exchange Bitgamo has announced plans to roll out 75 cryptocurrency ATMs across Europe by 2024. The company says its ATMs will offer the most competitive rates for selling cryptocurrencies like Bitcoin, Litecoin, andEthereumfor cash.
Bitgamo is rapidly gaining traction in the global crypto market after recently introducing no-know-your-customer (KYC) crypto-to-fiat conversions. In August, the exchange said it pays up to 10% above market rates for major cryptocurrencies.
The stand-alone ATMs will allow users to easily convert their digital assets to cash. Bitgamo says its rates will be the best available.
“We are ready to enter the next phase of growth,” said Bitgamo’s Director of Communications Gabriel Weber. “In 2024, we will install 75 crypto ATMs across Europe that also provide the best market rates.”
Bitgamo has also partnered with a third-party network to make cryptocurrencies available in regions with restrictions. The exchange has received positive reviews for its accessibility, privacy, and quick transactions.
Europe already has over 900 crypto ATMs, with the UK taking a stricter regulatory stance. Bitgamo’s planned expansion could make it a major player in the European crypto ATM market.
#Bitgamo #Cryptocurrency #BitcoinATM #Europe #CryptoExchange
