Share this article
Hong Kong's First Bitcoin ATM Goes Live Today
Hong Kong's first bitcoin ATM launched this morning in one of the city's busiest pedestrian districts.
Updated Dec 10, 2022, 3:19 p.m. Published Mar 14, 2014, 9:40 a.m.
Hong Kong's first bitcoin ATM opened earlier today at a cafe in one of the city's busiest pedestrian districts.
The ATM, a Lamassu one-way bitcoin dispensing machine, will be sited at Mr Bing – a cafe franchise that specialises in Beijing crepes or jianbing.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The launch took placeat 7:30am, within the franchise premises at 83 Wellington Street, just off Hong Kong's Central-Mid Levels escalator.
With such a public location, it will likely serve as an indicator of the Hong Kong general public's interest in bitcoin.
Competition
Just hours after the Mr Bing machine went live, local Hong Kong bitcoin exchange ANXBTC also launchedhttp://www.ntd.tv/en/news/science-technology/20140313/110616-hong-kong-company-launches-city39s-first-bitcoin-atm.html a similar machine, revealing a race was on to supply bitcoins to an increasingly aware public in the startup and financial hub. There are even reports that a third company, Alitobit, will unveil another ATM in the coming weeks.
Bitcoin ATM manufacturer Robocoin announced it would be shipping machines to Hong Kong back in early January, but it seems it has been beaten to the post by the simpler, smaller Lamassu version.
The special administrative region of China already has online digital currency exchanges like ANXBTC and Bitfinex, with others coming soon. Furthermore, ANXBTC opened a physical trading counter just a couple of weeks ago.
Ideal location
In densely populated Hong Kong, the Central-Mid Levels escalator is an 800-metre covered escalator and moving walkway system – the longest in the world – that carries 55,000 people a day, serving as a commuter transit system carrying city workers to and from their apartments.
The route has become a highly developed retail and restaurant precinct, and the Mr Bing outlet sees a high turnover every day.
The Beijing creperie – which was founded by New Yorker Brian Goldberg – was also present at Hong Kong's recent 'RISE:Bitcoin' event, which aimed to introduce newcomers to digital currency use in daily life and attracted over 100 interested attendees on the day.
The company launching the ATM, Bitcoin Group HK, was formed by five long-term Hong Kong residents who came together to find new opportunities for digital currency in the territory.
Should the first ATM prove successful, they will definitely be scouting out a location for a second machine.
Images via Bitcoin Group HK, Mr. Bing
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Coinbase Sees Crypto Recovery Ahead as Liquidity Improves and Fed Rate Cut Odds Climb
The crypto exchange also took note of a so-called AI bubble that continues to go strong and a weaker U.S. dollar.
What to know:
- Coinbase Institutional is seeing a potential December recovery in crypto, citing improving liquidity and a shift in macroeconomic conditions that could favor risk assets like bitcoin.
- The firm's optimism is driven by rising odds of Federal Reserve rate cuts, with markets pricing in a 93% chance easing next week, and improving liquidity conditions.
- Several recent institutional developments, including Vanguard's crypto ETF policy reversal and Bank of America's greenlighting of crypto allocations, have contributed to bitcoin's rebound from recent lows.
Top Stories
