CoinFlip Signs Biggest Cryptocurrency Lease in City History, Doubling Footprint and Expanding Company Headcount

pexels david mcbee 730564CHICAGO— CoinFlip, the world’s leading cryptocurrency ATM operator and the fastest-growing company in Chicago, today joined Governor JB Pritzker and local leaders to announce a new 44,000 square-foot headquarters located in the Old Post Office downtown. CoinFlip’s new headquarters represent a long-term commitment to the State of Illinois, with the largest lease by a cryptocurrency company in city history. With support from the State of Illinois, the company will more than double its previous office space and continue to increase its current headcount across all departments of the company.

“We’re proud to have founded CoinFlip in Chicago, Illinois, which has been our home for the last six years and are excited to announce we’re growing. While CoinFlip is proud to operate in 47 states, no other state is pioneering forward-thinking initiatives like Illinois that will make it not only a leader in cryptocurrency but a clear choice for our long-term plans,” said Ben Weiss, CEO of CoinFlip. “We’re committed to doing our part for the future of cryptocurrency as well as for the Chicago community – and that’s why we’re making long-term plans to grow our team here while investing in programs to help local communities benefit from the expansion of cryptocurrency technologies.”

CoinFlip was named the 2021 fastest-growing company in Chicago by Crain’s Chicago Business. Over the past few years, the locally based company has expanded to over 2,700 ATMs across the country, maintaining a strong record of regulatory compliance to ensure the safety and security of its customers. With this latest expansion, CoinFlip will keep that central focus, as well as map out new opportunities internationally and across product lines.

“Illinois has long been a global leader in financial services. And today we are building on that legacy, working to build a cryptocurrency regulatory framework that’s best in the nation and expand access to capital for innovative companies,” said Governor JB Pritzker. “Congratulations to CoinFlip on recently being named by Crain’s as the fastest growing company in Chicago and thank you for your commitment to this city and state. I’m so proud you are part of the fabric of our community – and I’m absolutely thrilled you are doubling down in Illinois.”

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Category: News

HB 738 PVPCHICAGO – A measure led by State Senator Patricia Van Pelt (D-Chicago) to expand the amount of birthing center licenses in Illinois was signed into law Friday by Governor JB Pritzker.

“Tragically, 75 women die every year while pregnant or within a year of pregnancy,” Van Pelt said. “It is even more heartbreaking to know that four out of five pregnancy-related deaths could have been preventable. That is why this measure is so important – we must do everything we can to combat the issues of maternal mortality, including increasing birthing centers.”

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Category: News

SB 920 PVPCHICAGO – A measure sponsored by State Senator Patricia Van Pelt (D-Chicago) and State Representative Lakeisia Collins (D-Chicago) to create a Forensic Science Commission was signed into law Friday.

“This is why we have hearings, to guide the legislation that impacts culture,” Van Pelt said. “There are still people awaiting answers as the DNA backlog decreases, and a commission is needed to improve coordination between police and forensic scientists to help further the decrease in the backlog.”

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Category: Press Releases

HB 1805 Van PeltSPRINGFIELD – The state’s Call4Calm text line to support Illinois residents' mental health needs is now permanent thanks to an initiative led by State Senator Patricia Van Pelt (D-Chicago).

“Due to the pandemic, mental health outcomes are more concerning than ever, and this text line is an essential outlet,” Van Pelt said. “Call4Calm can still benefit those who struggle with their mental health even after this pandemic is over, and must remain a mental health resource.”

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Category: Press Releases

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