Friday, December 8, 2023

Global Crypto ATM installations increase by over 70%

Crypto ATMs provide a convenient, hassle-free experience for anyone to purchase different crypto currencies (Bitcoin, Ether, Litecoin, etc.) and are now being installed globally more than ever before to meet the growing demands.

In less than a year 10,037 ATMs have been installed all over the world in 2021 and now already exceeds the 7,620 units that were added in 2020. The growth compares with a jump of almost 120% for all of the year 2020. To keep things in perspective, Coin ATM Radar’s data suggests that 52.3 ATMs are installed every day. The United States currently leads this space, with an average of 48 new installations every day and owning almost 21,000 ATMs in total.
The Coin ATM Radar’s data on the manufacturers also suggests that Genesis Coin is the dealer in this space with a market share of 40.9%, while General Bytes owns around 24%. The remaining is shared among other players including BitAccess, Coinsource and Bitstop.

The crypto ATMs can be spotted in over 75 sovereign countries and are powered by 42 producers and operated by 600 companies. One of the largest holders, with a market share of 15.8%, Bitcoin Depot announced a new partnership last week with convenience store chain Circle K. Their goal will be to install over 6,000 new bitcoin ATMs all across the US and Canada of which 700 are already in place.



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