CoinHub
CoinHub is a company.
Active
Updated: ·
Financial History
Total Raised
N/A
Valuation
N/A
Leadership Team
Key people at CoinHub.
CoinHub is a company.
Key people at CoinHub.
CoinHub, operated by Nevada-based LSGT Services, LLC, runs cash-to-crypto kiosks (also known as Bitcoin ATMs) located in grocery and convenience stores, enabling instant, non-refundable purchases and sales of digital assets like Bitcoin using cash.[2][1] It targets everyday consumers, including many over 60 years old, but has faced significant regulatory scrutiny for overcharging fees, exceeding transaction limits, and failing to provide required disclosures.[2] In 2025, the California Department of Financial Protection and Innovation (DFPI) ordered CoinHub to pay $675,000, including $105,000 in consumer restitution, highlighting compliance challenges amid its growth in the crypto kiosk sector.[2]
Separate entities share the CoinHub name: a digital asset management platform supporting public blockchains and dApps, and an exchange for buying/selling virtual currency via bank links.[1][4] A utility token (CHB) trades at around $0.000832 but lacks meaningful market data.[3] The kiosk operator dominates recent news due to enforcement actions.
CoinHub's kiosk operations, under LSGT Services, LLC in Nevada, emerged in the cash-to-crypto space but gained prominence through regulatory conflicts starting in January 2024.[2] Little public detail exists on founders or exact founding year, though it expanded to California stores, processing high-volume transactions until DFPI investigations exposed violations like fees above statutory maximums and daily cash limits over $1,000.[2] A pivotal moment came in 2025 when DFPI issued a desist order and fine, part of broader crackdowns on kiosk operators like Coinme (fined $300,000 earlier that year).[2]
The asset management platform and exchange versions lack detailed backstories in available records, with the former described as a secure, user-friendly tool for all public chains.[1][4]
CoinHub rides the crypto kiosk trend, part of the $15B+ Bitcoin ATM market growing with retail crypto adoption, especially among older demographics seeking simple fiat-to-crypto entry.[2] Timing aligns with post-2024 regulatory tightening under frameworks like California's Digital Financial Assets Law (DFAL), where non-compliance (e.g., high fees, missing receipts) exposes operators amid consumer protection pushes.[2] Market forces favoring it include cash economy persistence and Bitcoin's mainstreaming, but headwinds from enforcement—like DFPI's serial actions—signal a shift toward compliant models, influencing the ecosystem by raising standards and weeding out violators.[2]
CoinHub's kiosk business faces existential risks from escalating fines and orders, potentially forcing operational overhauls or exits from key markets like California.[2] Compliance upgrades could stabilize it amid kiosk sector consolidation, while its token and platforms remain niche with low traction.[3][1] Trends like stricter global regs and bank-integrated on-ramps may marginalize cash kiosks, evolving CoinHub's role from accessible gateway to cautionary tale—unless it pivots to tech-forward, rule-abiding innovation. This underscores the high-stakes pivot crypto infra must make for longevity.[2]
Key people at CoinHub.