Bitcoin of America, a leading virtual currency exchange registered with the U.S. Department of Treasury (FinCEN), has announced a significant expansion of its services: Ethereum (ETH) is now available for buying and selling at all of its Bitcoin ATM (BTM) locations across the United States. The move comes as demand for alternative cryptocurrencies continues to surge among retail investors seeking convenient, cash-based entry points into digital assets.
Ethereum Joins Bitcoin and Litecoin on BTM Network
Recognizing Ethereum's growing popularity as the second-largest cryptocurrency by market capitalization, Bitcoin of America decided to integrate ETH into its ATM fleet. To date, the company operates over 1,300 BTMs spread across 31 states. In addition to Ethereum, users can continue to buy and sell Bitcoin (BTC) and Litecoin (LTC) both at the ATMs and through the company's online platform. The firm is known for its fast, hassle-free transactions and dedicated customer support, which it says will also apply to all Ethereum transactions.
To locate the nearest machine, customers can visit the Bitcoin of America website and enter their address. The company has also introduced a Universal Kiosk earlier this year, which combines traditional ATM functions with cryptocurrency capabilities. The Universal Kiosk offers three core functions: dispensing cash from a debit card, buying cryptocurrency with cash, and selling cryptocurrency for cash. This hybrid approach is designed to bridge the gap between fiat and digital currencies at physical retail locations.
Host Program for Store Owners
Bitcoin of America also runs a Host Program for business owners interested in cryptocurrency or seeking extra revenue streams. By hosting a Bitcoin of America ATM, store owners receive passive income, increased foot traffic, and marketing support. The company handles all customer support, maintenance, and installation services, making it easy for merchants to participate in the crypto economy without operational burdens.
“We are thrilled to add Ethereum to our BTMs,” said a spokesperson for Bitcoin of America. “Our goal is to make cryptocurrency accessible to everyone, and supporting Ethereum alongside Bitcoin and Litecoin is a natural next step as we continue to expand our footprint.”
Industry Context and Outlook
The expansion comes at a time when the cryptocurrency ATM industry is experiencing rapid growth, with thousands of machines installed globally. According to industry data, the United States accounts for the majority of crypto ATM installations, and operators are increasingly diversifying the coins they support to attract a broader user base. Bitcoin of America's decision to add Ethereum positions it to capture demand from ETH traders who prefer cash transactions over online exchanges.
With over 1,300 machines in 31 states and a growing host program, Bitcoin of America is poised to remain a key player in the physical cryptocurrency infrastructure space. The company continues to evaluate new features and digital assets to add to its network, subject to regulatory compliance and market demand.
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