Localcoin, Canada's Leading Bitcoin ATM Company, Announces Strategic Partnership with Bitbuy
- By Localcoin
- September 25, 2023
Toronto, September, 18th, 2023 - Localcoin, Canada's largest Bitcoin ATM network, is thrilled to announce its new liquidity partnership with Bitbuy, one of the country's premier cryptocurrency exchanges, a wholly-owned subsidiary of WonderFi Technologies Inc. Bitbuy joined Localcoin’s other liquidity partners to enhance the cryptocurrency experience for Canadians.
As part of the alliance, Localcoin ATMs will incorporate Bitbuy's proven trading platform, allowing users to have more seamless and reliable transactions. The partnership aims to provide consumers with real-time pricing and the best possible rates when transacting through a Localcoin ATM.
The partnership between Bitbuy and Localcoin offers transformative advantages to Canadian cryptocurrency users. Bitbuy's recognized liquidity and order efficiency are now available to Localcoin's ATM clientele, guaranteeing competitive rates and swift transactions. Above all, both entities remain staunchly committed to upholding top-tier security standards, ensuring the protection of user assets and transactions.
With over 900 Bitcoin ATMs across Canada, Localcoin has established itself as a dominant force in the cryptocurrency ATM industry. By integrating with Bitbuy's platform, Localcoin’s goal of en widespread access to cryptocurrency but also a more streamlined and trustworthy service.
Localcoin’s CEO Tristan Fong also announced the soon-to-be-launched Localcoin Wallet app and an “extended range” of cryptocurrencies available at Localcoin ATMs:
“We’re always evaluating opportunities to grow and enhance our offerings. As part of our aggressive Canadian and international network expansion, we’re also excited to announce upcoming features: an extended range of cryptocurrencies available at our ATMs, our Localcoin Wallet app, and the ability to sell bitcoins online for e-transfer or cash pick up at our locations. While full details are on the horizon, we’re committed to bringing crypto to the masses."
Jordan Anderson, Bitbuy COO, commented on the partnership, noting, "Localcoin's extensive Bitcoin ATM network complements our goals perfectly. Together, we can provide a unified and enhanced experience for crypto users throughout Canada."
As cryptocurrency continues to gain traction and acceptance globally, partnerships such as this are vital in shaping the industry's future in Canada and beyond.
WonderFi Technologies Inc., through its subsidiaries, including Bitbuy, Coinsquare, and CoinSmart, operates digital asset platforms trusted by over 1.6 million Canadians. It provides Canadians with access to regulated crypto trading, staking, and, through SmartPay, global crypto payment processing. The company boasts one of the largest communities of regulated crypto investors in Canada.
Bitbuy is on the verge of surpassing 900,000 registered Canadian users, solidifying its status as one of the country's largest crypto-trading platforms. Established in 2013, Bitbuy has garnered trust and respect in the crypto community with its deep commitment to transparency, regulatory compliance, and unmatched customer service. Their user-friendly platform, coupled with an advanced Pro Trade interface, caters to both novice and seasoned cryptocurrency enthusiasts, ensuring a smooth trading experience.
Localcoin is Canada's leading Bitcoin ATM company, committed to providing safe and easy access to cryptocurrency through its vast network of Bitcoin ATMs. With a strong presence throughout Canada, Localcoin prides itself on offering top-tier customer service and ensuring users have a seamless crypto transaction experience.