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Chicago crypto company plans to move into Water Street Tampa

| Jo-Lynn Brown

CoinFlip, a financial services and cryptocurrency company based in Chicago, has announced plans to open a new office in Water Street Tampa.

The nearly 8,000-square-foot space will be part of Sparkman Wharf and is slated to open in Summer 2022, according to a statement.

The company has plans to open a Crypto Experience Center, which will be a first of its kind destination in the United States, which will aid in community education about cryptocurrency and provide guidance around purchasing digital currencies, via the company’s on-site Bitcoin ATMs, a cornerstone of CoinFlip’s business, the statement said.

With this new location, CoinFlip says it plans to create at least 40 new jobs during its first year in Florida.

“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, in the statement.

Sparkman Wharf, Water Street’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 and restaurant concepts housed in refurbished shipping containers and a one-acre recreation lawn.

“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, 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.”

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