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CoinFlip Commitment at Old Post Office is Chicago’s Largest Cryptocurrency Lease to Date

CoinFlip said Tuesday it would move its headquarters to 601W Companies’ redeveloped Old Post Office. The 44,000-square-foot commitment more than doubles CoinFlip’s current space and reportedly is the largest cryptocurrency lease in Chicago history. 

Since its founding, CoinFlip has expanded to more than 2,700 cryptocurrency ATMs across the country. At present it operates in 47 states. 

“We’re committed to doing our part for the future of cryptocurrency as well as for the Chicago community – and that’s why we’re making long-term plans to grow our team here while investing in programs to help local communities benefit from the expansion of cryptocurrency technologies,” said CoinFlip CEO Ben Weiss. 

CoinFlip is the latest fintech company to expand in Illinois, which is the home base for 58 different blockchain and cryptocurrency companies.  At the Old Post Office, the CoinFlip lease follows last week’s announcement that Cisco would establish its Midwest hub there. 

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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