Buying digital assets at an ATM is about to get even easier for Canadians.
What’s happening:
- Prominent crypto exchange BitBuy has entered into a new partnership with leading Canadian Bitcoin ATM provider Localcoin to increase accessibility to crypto
- The new collaboration will enable Localcoin ATMs to have access to buying and selling a wider variety of digital assets through the Bitbuy exchange
Why it matters:
- Canada has the second most Bitcoin ATMs of any country in the world
- Localcoin is the largest Bitcoin ATM operator in Canada, with more than 900 ATMs across the country
- Bitcoin ATMs have become increasingly popular as an onramp into digital assets
- Bitbuy is one of the largest exchanges in Canada with just under a million users on the platform
Going deeper:
- Bitbuy is a wholly owned subsidiary of publicly traded WonderFi Technologies (TSX: WNDR)
- One of the main focuses of the partnership is to provide better real time pricing of Bitcoin and other digital assets through the Bitbuy exchange, with less volatility in the spreads users are paying
- Canada is one of the more crypto friendly countries in the world, having approved spot Bitcoin and Ethereum ETFs years ago despite the United States still awaiting regulatory clarity on the same topic
