The global presence of cryptocurrency ATMs has surged by 17.8% over the past year, reaching 38,279 units, approaching the previous peak of 39,541 set in December 2022.
According to Coin ATM Radar’s latest data for 2024, there have been 2,564 new installations, marking a notable turnaround from the net loss of 2,861 machines in 2023.
From July 2023 to May 2024, installations consistently rose, with June alone seeing a rebound of 377 machines after a slight dip of 115 in May.
Bitcoin Depot leads the market with 7,543 ATMs, followed by Coinflip with 5,057, and Athena Bitcoin with 2,756 units.
Bitcoin remains the dominant cryptocurrency transacted, alongside Bitcoin Cash, Ether, and Litecoin.
The United States hosts over 82% of all cryptocurrency ATMs globally, with Canada following at 7.7%.
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Australia has shown remarkable growth, expanding nearly 17-fold to 1,107 machines over the past two years, positioning itself to potentially surpass Europe’s 1,584 ATMs.
Other significant countries in the cryptocurrency ATM market include Spain (313), Poland (279), El Salvador (215), Germany (177), and Hong Kong (169), with Romania, Georgia, Switzerland, Austria, and New Zealand each hosting over 100 ATMs.
Despite a decline in installations from December 2022 to July 2023, hitting a low of 32,764, the trend has reversed since then.
BitAccess, a prominent ATM manufacturer, saw its installations drop initially but has since rebounded with a net increase of 1,208 machines.
Overall, 72 countries among the 193 United Nations-recognized nations now feature cryptocurrency ATMs, underscoring the growing global adoption of digital currencies in everyday transactions.
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