The number of crypto ATMs is close to an all-time record
The number of cryptocurrency ATMs installed worldwide grew by 17.8% to 38,279 in the last 12 months – close to the record of 39,541 set in December 2022.
In the year In 2024, 2,564 new cryptocurrency ATMs were installed, which shows a positive trend compared to a net loss of 2,861 machines in 2023, according to Coin ATM Radar. This development indicates a resurgence in the market.
Between July 2023 and May 2024, the total increased every month.
May to June shipments fell by 115 but June grew strongly with a net increase of 377.
Bitcoin Depot, Coinflip and Athena Bitcoin are the leading cryptocurrency ATM operators with 7,543, 5,057 and 2,756 machines respectively.
Bitcoin (BTC) is by far the most popular cryptocurrency on exchanges, with Bitcoin Cash (BCH), Ether (ETH) and Litecoin (LTC) also featuring prominently.
Over 82% of the world's cryptocurrency ATMs are located in the United States, followed by Canada with 7.7%.
Australia has seen installations increase 17-fold to 1,107 machines in the past two years.
At its current loading rate, Australia is well on its way to surpassing Europe's 1,584 ATMs.
Other countries with significant cryptocurrency ATM installations include Spain (313), Poland (279), El Salvador (215), Poland (211), Germany (177) and Hong Kong (169).
Romania, Georgia, Switzerland, Austria and New Zealand are other countries with more than 100 ATMs.
Globally, 72 of the 193 countries recognized by the United Nations host cryptocurrency ATMs.
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Between December 2022 and July 2023, installations experienced a sharp net decline, reaching an 18-month low of 32,764.
According to Coin ATM Radar data, cryptocurrency ATM manufacturer BitAccess contributed to that decline, with net installations falling 26% to 6,774 in January 2024 from 9,160 in August 2022.
However, it has since increased its net installs by 1,208.
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