Registration time and registration addressRegistration
time: The specific registration time of Coin Cloud is not explicitly mentioned in the public information, but according to sources such as Crunchbase, the company started operations at least around 2014, as its business and brand were documented during that period.
Registered address: Coin Cloud is headquartered in Las Vegas, Nevada, USA. This is the main location of its official operations and operations.
Products & ServicesCoin
Cloud offers the following key products and services:
Digital Currency Machine (DCM): A machine deployed in more than 4,500 locations across the United States that allows users to buy and sell Bitcoin and other cryptocurrencies with cash.
Coin Cloud Wallet App: Provides a non-custodial mobile wallet that allows users to securely store, buy, and sell cryptocurrency.
Merchant Partnership Program: Allows retailers to install Coin Cloud's digital currency machines in their stores to provide an additional revenue stream.
Compliance and Security: Comply with the Financial Crimes Enforcement Network (FinCEN) regulations and implement anti-money laundering (AML) and know-your-customer (KYC) measures to ensure the legitimacy and security of transactions.
Technical
ArchitectureCoin Cloud's technical architecture includes:
Hardware equipment: Customized digital currency machine, supporting cash transactions and QR code scanning functions.
Mobile app: A non-custodial wallet app that supports iOS and Android platforms, offering a user-friendly interface and secure transaction features.
API Integration: Provide merchants with an API interface to integrate digital currency machines into their business.
Security measures: Implement multiple layers of security measures, including encrypted communication, authentication, and transaction monitoring, to protect user assets and data.
Market Performance
Market Share: As of 2023, Coin Cloud has a share of approximately 7.9% of the Bitcoin ATM market in the United States, operating approximately 5,000 machines.
Industry Challenges: Affected by the volatility of the cryptocurrency market, Coin Cloud filed for Chapter 11 bankruptcy protection in Nevada, USA, in February 2023.
Competitive dynamics: Facing stiff competition from other cryptocurrency ATM operators and digital currency trading platforms.
SummaryCoin
Cloud is a leading cryptocurrency ATM operator that offers convenient services for buying and selling cryptocurrencies for cash. Despite market volatility and industry challenges, Coin Cloud still holds a significant presence in the U.S. market. In the future, Coin Cloud may need to innovate and strategically adjust to respond to the changing market environment and competitive landscape.
