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RockItCoin acquires XBTeller

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June 23, 2023

RockItCoin, a bitcoin ATM operator, has acquired XBTeller, a bitcoin ATM operator based in Colorado and Texas. With the acquisition, RockItCoin now has a network of nearly 2,000 ATMs, according to a press release.

"Our continued strategy of acquiring smaller networks enables us to expand our reach and provide greater convenience to customers across the nation," Michael Dalesandro, founder and CEO of RockItCoin, said in the release. "This acquisition further strengthens our position as a market leader, and we are excited about the growth opportunities it presents."

"As the industry continues to consolidate, RockItCoin remains well-positioned to leverage our existing networks, relationships, and operations," Ben Phillips, president, RockItCoin, said in the release. "We remain dedicated to providing seamless access to cryptocurrencies and driving the adoption of digital assets in everyday life."