At the beginning of 2019, there were 4,101 ATMs worldwide. South America has already exceeded 60 cryptocurrency ATMs.
The number of cryptocurrency ATMs has increased from 4,101 early in 2019 to start with 6,387 in 2020. This represents an increase of over 50% in just one year.
This can be verified through data from the cryptocurrency ATM tracking portal Coin ATM Radar. The crypto ATM growth chart on this site also shows how just since the beginning of December 2019 more than 300 new devices of this type were installed.
Of those more than 6,300 ATMs, almost 4,500 are in the United States of America, which represents more than 75%. Another 1,218 ATMs (19%) are located in Europe, whilst 132 (2.1%) are installed in Asia.
Regarding Latin America, the number of installed ATMs is currently greater than 100, according to Coin ATM Radar. Colombia is particularly prominent in that list, with a total of 57 ATMs; thus, taking tenth place in the world.
Other countries in the region with the largest number of installed cryptocurrency ATMs are Panama (16), Dominican Republic (13), Argentina (11), and Mexico (10).
According to Coin ATM Radar, among the Spanish-speaking countries, Spain is the one that has the highest number of ATMs with a total of 80. This could mean that some of the devices in Spain were uninstalled or left out of operation since the figure in the European country was 84 ATMs in late October.
In fact, at that time Spain was the fifth country with the most ATMs in the world and is currently in sixth place. It is preceded by the United States, Canada, United Kingdom, Austria, and Switzerland.
Constant Increase in Cryptocurrency ATMs
The increase in the number of ATMs for Bitcoin and other cryptocurrencies has been sustained worldwide. The figures for this type of installed devices practically double every year. Although between the beginning of 2019 and the beginning of 2020 the amount did not double, more than 2,200 ATMs were installed in the year 2019. In the previous period, the figure had barely exceeded 2,000.
As for Latin America, the 2019 closing figure also represents an increase of over 50% compared to the previous year. At the end of 2018, there were about 75 ATMs in the region.
In 2019, not only was there a significant global increase but also countries such as Spain were prominent, with about a 50% increase. Another notable case is that of Venezuela, where the first two Bitcoin ATMs (BATM) and other trading devices were installed, for a total of 6 registered at Coin ATM Radar.
Among the rest of the countries of the Latin American region with ATMs are Peru (4), Ecuador and Chile (3 each), Costa Rica (2), and Brazil and Guatemala (1 each).
Africa is the continent that has the lowest number of cryptocurrency ATMs running. According to Coin ATM Radar distribution figures, only 11 devices are in that region. Of these, almost half are in South Africa, with 5. The other country with more than one ATM is Ghana, which has 2 installed devices of this type.
By Willmen Blanco
