The Company Will Bring Engineering Jobs and First-of-its-Kind Innovation & Experience Center to Tampa, Solidifying Region’s Ranking as a Top US Tech Center
CoinFlip, a leading financial services provider powered by cryptocurrency, announces it will open a new office in Tampa, Florida, marking the company’s second location in the United States and first foray into corporate expansion. The second office will be located in Water Street Tampa, the 56-acre live-work-play neighborhood that has transformed downtown Tampa. The nearly 8,000-square-foot space will be part of Sparkman Wharf and is slated to open in Summer 2022. With this new location, CoinFlip hopes to create at least 40 new jobs during its first year in Florida.
In addition to expanding its corporate presence, CoinFlip will open a ‘Crypto Innovation & Experience Center’. This innovation and experience center will be a first of its kind destination in the United States that will aid in community education about cryptocurrency and provide guidance around purchasing digital currencies via the company’s on-site Bitcoin ATMs and Trade Desk, the cornerstones of CoinFlip’s business. Maintaining CoinFlip’s mission of financial inclusion and accessibility, the experience center will also host educational events to benefit both crypto beginners and enthusiasts.
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“This is a huge milestone as we look to not only bridge the gap between the digital economy and financial services, but it also represents a pivotal moment in the type of investment we are making in our CoinFlip family,” said CEO and founder of CoinFlip, Ben Weiss. “Choosing Tampa was also methodical as it’s quickly becoming a crypto hub for the U.S. and we hope to emulate our tremendous success in Chicago. We’re thrilled to partner with Water Street Tampa and Sparkman Wharf, which is already a booming crossroads of commercial and residential real estate – it’s a perfect marriage.”
“We’re honored CoinFlip chose Tampa for this project and its first ever corporate expansion. Our reputation as a top tech city is growing, and I’m confident our strong talent pool will be a great resource for the company as it looks to expand in the area,” said Jane Castor, Mayor of Tampa. “Not only is Tampa an engineering hub, but we are also quickly becoming a center for all things crypto. We’re excited to continue to build our presence in the crypto space with the addition of CoinFlip – a true win for the city!”
Water Street Tampa is bringing nine million square feet of new commercial, residential, entertainment and educational space to create a walkable “15-minute city” experience in downtown Tampa. Sparkman Wharf, the development’s mixed-use waterfront destination, features 180,000 square feet of spacious loft-style office space and 65,000 square feet of ground-level retail, as well as a park which is home to an intimate dining garden featuring ten restaurant concepts housed in refurbished shipping containers and a one-acre recreation lawn that is regularly programmed with community events. Seamlessly linking surrounding neighborhoods to the city’s central business district, Water Street Tampa is an ideal place for CoinFlip to be part of a balanced urban experience that reflects the way people want to live and work.
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“As CoinFlip looks to expand its product offering and reach a new demographic of consumers in 2022, Tampa is the perfect city to attract top talent and engineer new technology for investors interested in the digital economy,” said Rory Herriman, Chief Strategy and Technology Officer of CoinFlip, and Tampa area resident. “The CoinFlip team did not take the decision lightly in choosing a location for the company’s first corporate expansion. After consulting with the team at the Tampa Bay Economic Development Council, the team is extremely excited by its decision to plant seeds in Tampa. The city’s potential as an emerging tech and crypto community is endless, and we’re driven to further this potential by bringing crypto innovation directly to the Sparkman Wharf.”
“As we continue to grow Tampa into a thriving technology hub, we look for partners who push the boundaries in their industries,” said Lee Schaffler, Chief Portfolio Officer for Strategic Property Partners (“SPP”), the developer of Water Street Tampa. “CoinFlip embraces our vision for innovation at Water Street Tampa and we’re thrilled they chose Sparkman Wharf. We look forward to adding Bitcoin ATMs and crypto education opportunities to the district.”
Named the No. 1 fastest-growing company in Chicago by Crain’s Chicago Business, CoinFlip had a five-year growth rate of 1.7 million percent and revenue of nearly $100 million in 2021. The company was also ranked No. 60 on the Inc. 5000, the highest-ranking crypto company included on the list. Since inception, CoinFlip has expanded to over 3,500 ATMs across 49 states, taking its place on the frontline of a financial revolution where cryptocurrency and blockchain technology can empower investors across the country. In 2021, CoinFlip announced its headquarters in Chicago where they continue to expand. CoinFlip’s second location in Tampa builds on their Chicago flagship and provides additional opportunities to attract top talent in another community.
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