SEATTLE, March 28, 2018 (GLOBE NEWSWIRE) — Coinme, a venture-backed crypto financial services and blockchain technology company, today announced that UpToken is available for purchase on Bittrex, the world’s leading cryptocurrency exchange for traders who demand lightning fast trade execution, stable wallets and industry-best security practices. UpToken is a crypto asset that is offered as a reward to users of the Coinme crypto ATM network.
Within its first twenty-four hours on the Bittrex platform, UpToken saw more than $20 million USD in trading volume, driven by purchasers excited about the benefits and expansion of a crypto ATM network.
“We are proud to see that UpToken has been added to Bittrex, one of the most well-established and trusted exchanges in the blockchain industry,” commented Neil Bergquist, Coinme’s co-founder and CEO. “This means that more and more of our customers will be able to purchase UpToken, utilize the benefits of our growing crypto ATM network and participate more widely in the crypto economy.”
As UpToken is distributed to purchasers, Coinme will continue to expand its crypto ATM network. In the next few weeks, Coinme will roll out its next wave of new ATM locations and has consulted with data scientists and regulators to ensure the greatest possible impact in improved access to cryptocurrency.
UpToken provides the following benefits to purchasers:
- A 30% discount on ATM transaction fees when paid using UpToken.
- A customer rewards program that returns 1% of an individual’s total ATM transaction amount back to them in the form of UpToken, much like cashback, or other rewards programs.
- A customer voting protocol for having a community voice on new cryptocurrencies a customer is interested in having added to the ATM platform.
Coinme is a venture-backed crypto financial services and blockchain technology company that is dedicated to helping the world gain access to virtual currency. Four years ago, Coinme became the first licensed Bitcoin ATM operator in the U.S. and now processes millions of dollars (USD) each month. The company’s vertically integrated network of crypto ATMs, digital wallet, and exchange services provide customers the opportunity to join this financial revolution. As a licensed financial services provider, Coinme is well-positioned to lead the way. For more information, visit coinme.com.
Note: Coinme did not issue this press release through our service. We are simply sharing it on our website since it was distributed by a top-tier newswire service and features a cryptocurrency project.