87.9% of ATMs are installed in the United States. CoinATMRadar claims that in 77 countries there are 614 ATM operators, and of the 39,011 ATMs, 38,998 support Bitcoin. Bitcoin Depot is the world’s leading crypto ATM operator, with a 17.7% market share.
According to Coin ATM Radar, by August there are more than 39,000 cryptocurrency ATMs installed in the world, 14,000 more than the same month last year when there were 25,154 units:
“The United States has 87.9% of crypto ATMs, constituting 34,299 machines. The rest of the world has 4.9%, of which Europe has 3.8%. Canada has 6.3%, which is equivalent to 2,461 machines”.
The manufacturers that have installed the most cryptocurrency ATMs are: General Bytes, Genesis Coin, Bitstop, Covault, Freedom Gateway, Shitcoins Club, Chainbytes, Cryptocurrency ATM, zzBit, Lamassu, Ghostlab, RusBit, Centurion, Vault Logic, Coinsource, BTCRiot, LightningXchange , Intellogate, Bytefederal, and BitAccess.
Bitcoin ATM Installations Growth
There are 614 ATM operators in seventy-seven countries, and of the 39,011 ATMs, 38,998 support Bitcoin, according to the data. More than thirty thousand machines also support other alternative crypto assets. Additionally, 32,466 machines support Litecoin, 29,324 machines support Ethereum, and 16,132 machines support Dogecoin, while 13,801 machines support Citcoin Cash.
At the end of July, the Research and Markets report stated that the global cryptocurrency ATM market would be 46.45 million dollars by the end of the year, but 472.18 million dollars by 2027, that is, in five years it will have a growth of 59.01%, due to a growth in the adoption and use of cryptocurrencies.
According to the report, “market dynamics are forces that affect pricing and stakeholder behavior of the global Crypto ATM market. These forces create price signals that result from changes in the supply and demand curves for a given product or service. The forces of market dynamics can be related to macroeconomic and microeconomic factors.”
Bitcoin Depot: Main ATM Worldwide Operator
According to Binance, Bitcoin Depot is the world’s leading crypto ATM operator with a 17.7% market share, followed by Coincloud with 5,643 machines, and Coinflip with 4,124 ATMs. Finally, Bitcoin of America with 2,339, Bitstop with 1,969 machines, and Rockitcoin with 1,781 ATMs.
“14.7 crypto ATMs are installed per day. Taking that into account, around 40K crypto ATMs will be installed worldwide in around 67.27 days. Previously, Today NFT News reported, Kwik Trip added Coinsource Bitcoin ATMs.”
The latest reports from Coin ATM Radar show that the number of new crypto ATMs installed around the world has fallen to its lowest since 2019, as the crypto market slows. The number of ATMs installed and withdrawn monthly has been reduced to 252. At the beginning of this year, the figure was 1,687.
By Audy Castaneda
