According to a CoinFlip press release from 8 July, U.S. users will now be able to buy AAVE, the governance token of the Aave DeFi protocol, across CoinFlip’s nationwide network of over 2,500 ATMs.
The new listing follows the immense growth the company has seen over the past year. Since 2020, CoinFlip has more than tripled its ATM network and was ranked first in Crain’s annual Fast 50 list of Chicago’s most rapidly growing companies. CoinFlip saw $50 million in revenue in 2020 and has grown 1,717,091.9% over the past five years.
In the release, the company said adding AAVE to its list of supporting tokens will enable more consumers to benefit from blockchain technology and cryptocurrencies in their daily lives. Aave allows users to lend and borrow in over 25 different cryptocurrencies and vote on changes to the protocol through the ownership of AAVE tokens.
Ben Weiss, the CEO and Co-founder of CoinFlip, said that access to financial tools such as loans impact the unbanked and limit their ability to fully participate in the economy.
“The idea that our customers can now invest early in one of the largest decentralized projects on the market is a major step forward in our mission to make cryptocurrencies more accessible to people everywhere,” he explained in the press release.