[Randomguy34]

CoinFlip moving headquarters to Old Post Office

The Old Post Office is picking up another big new corporate tenant.

This time it’s CoinFlip, the cryptocurrency ATM banker and the fastest growing company in Chicago. In an announcement today, the company said it’s moving its headquarters to the rebuilt postal facility, signing a 12-year lease for 44,000 square feet of space.

The state is granting the company up to $1.68 million in Edge payroll credits. In exchange, CoinFlip is promising to retain a minimum of 137 headquarters jobs and add at least 30 new ones.

“Illinois has long been a global leader in financial services. And today we are building on that legacy, working to build a cryptocurrency regulatory framework that’s best in the nation and expand access to capital for innovative companies,” said Gov. J.B. Pritzker, who joined company officials at the Old Main Post Office in announcing the news. “I’m absolutely thrilled you are doubling down on Illinois.”

CoinFlip’s niche is distribution of alternative currencies, primarily bitcoin. Founded by two Deerfield High School pals who briefly ran the company out of their college dorm rooms and now are each age 25, it operates more than 2,700 ATMs around the country at which clients can buy or sell cryptocurrencies.
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Last month Cisco announced it finally had closed on a deal to consolidate its Chicago-area offices into a 135,000-sq. ft. “Midwest regional hub” in the building, located at 433 W Van Buren. Other tenants who have moved or announced plans to move there include Walgreens Boots Alliance, Ferrara Candy, Uber, the Federal Home Loan Bank of Chicago, ad agency AbelsonTaylor and the parent company of the Chicago Board Options Exchange.”

https://www.chicagobusiness.com/greg...ilding-chicago