CoinFlip, the world’s leading cryptocurrency ATM operator and the fastest-growing company in Chicago, 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. CoinFlip was named the 2021 fastest-growing company in Chicago by Crain’s Chicago Business.

The new 44,000 SF HQ will double the size of CoinFlip’s operations, paving the way for the company to increase its Chicago-based staff across all divisions and departments to add a minimum of 30 new jobs, while retaining at least 138 jobs currently held in the Chicago office. The company signed a 12-year lease and will make an overall $17 million capital investment. CoinFlip qualified for an EDGE agreement offered by the Illinois Department of Commerce and Economic Opportunity (DCEO) to support companies making large-scale capital investments and long-term job creation commitments in Illinois communities. CoinFlip is the latest fintech company to expand in Illinois, which is the home base for 58 different blockchain and cryptocurrency companies. Cryptocurrencies are expected to grow significantly in the years ahead, with an anticipated 25 percent increase in jobs headed to Illinois by 2025.