July 4 (Cointime) - Bitcoin Depot, the world's largest crypto ATM operator, has merged with GSR II Meteora (GSRM), a special purpose acquisition company (SPAC), and made its debut on Nasdaq on Monday. After the debut, Bitcoin Depot's shares more than doubled.

The company is the first provider of cryptocurrency ATMs to be listed on a major American stock exchange. Bitcoin Depot has a 20% market share of ATMs in the United States and a 17.6% global share, with 6,000 machines in total, and is seeking installation deals with other well-known retailers.

However, scammers have also used these machines to advertise things on websites like eBay or Craigslist with instructions for buyers to pay by depositing actual cash at an ATM.