In 2021 the global number of cryptocurrency ATMs increased by more than 20,000 since December 2017. That’s more than the total of all crypto teller machines put into operation in the previous seven years.
Nearly 34,000 Crypto ATMs are Available Worldwide
ATM locations that offer users the ability to purchase and convert cryptocurrencies using fiat currency are expanding at an extraordinary rate. Coin ATM Radar has shown that they are nearing 34,000 at the end 2021.
More than 20,000 new devices appeared globally in the last year, which saw a crypto market at its highest level. According to the installations growth chart updated by the tracking website, bitcoin ATMs were fewer than 13,000 in December 2020 — that’s all ATM locations registered since October 2013 — while 12 months later they exceed 33,900.
While crypto-teller machines can still be found almost anywhere, they are relatively concentrated in one area. Nearly 30,000 bitcoin ATMs, or 90%, operate in the U.S.
El Salvador, a Bitcoin-friendly country, is currently among the top leaders, with its 205 ATMs, surpassing other EU countries like Spain (which has less than 200) and Austria (which has 142). The European Union has 1,384 cryptocurrency ATMs as of December 29, a significant drop from key markets of North America.
Automated teller machines that support cryptocurrencies are now manufactured by a number of companies. General Bytes, Bitaccess, and Genesis Coin are the largest players on this market, with over 14,000 machines, General Bytes having more than 7,500 devices, and Bitaccess providing close to 5,000. With less than 2 000 each, Bitstop and Coinsource complete the top 5.
There are at least 6000 crypto ATMs around the globe, and the top 10 operators manage 70%. Bitcoin Depot holds the largest market share with more than 6,600 machines. Coincloud has over 4,600 and Coinflip is at almost 3,500.
There are two types of teller machines: one-way and two-way. They support various cryptocurrency. These machines allow users to not only buy but also sell digital coins. The majority of BATMs allow you to purchase bitcoin (BTC), while others offer additional major coins, such as bitcoin cash(BCH), bitcoin ether (ETH), or litecoin [LTC].
What do you think the future holds for bitcoin ATMs? Comment below.
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