CoinATMRadar reports a global increase in cryptocurrency ATMs, with over 80% installed in the United States, reflecting the growing adoption and accessibility of digital currencies.
Points
- Total number of crypto ATMs globally is 38,365 as of August 2024.
- Over 80% of these ATMs are installed in the United States.
- Bitcoin Depot leads the market, managing 8,323 ATMs.
- The average monthly growth rate of crypto ATMs is 10-15%.
The global count of cryptocurrency ATMs has reached 38,365 as of August 2024, according to CoinATMRadar. Over 80% of these ATMs are installed in the United States, highlighting the country’s leading position in the adoption and accessibility of digital currencies.
The crypto ATM installation meter, currently at 24.6, shows a notable increase in the past 60 days. Bitcoin Depot leads the market, managing 8,323 ATMs, followed by other major manufacturers. Despite a decline of 538 ATMs globally since the beginning of 2024, the average monthly growth rate remains at 10-15%.
Canada has also seen a significant rise in the number of crypto ATMs, driven by the region’s growing tourism industry. However, the recent global decline in ATM numbers underscores the fluctuating dynamics of the crypto market.
Approximately 75% of all ATMs only support buying cryptocurrency, reflecting the primary use case for these machines. As of the end of 2022, there were over 6 million crypto ATM users globally, indicating widespread adoption and interest.
Despite the challenges of high transaction fees, physical tampering, and regulatory issues, the growth of cryptocurrency ATMs highlights the increasing mainstream acceptance of digital currencies. With only 75-80 countries currently allowing the installation of crypto ATMs, there is still significant potential for expansion.
解説
- The increase in crypto ATMs globally highlights the growing adoption and accessibility of digital currencies.
- The U.S. leads in ATM installations, reflecting its dominant position in the crypto market.
- Bitcoin Depot’s leadership in managing ATMs underscores its significant market presence.
- Despite challenges, the continued growth of crypto ATMs indicates mainstream acceptance and potential for future expansion.