{"id":456,"date":"2024-06-30T05:43:36","date_gmt":"2024-06-30T05:43:36","guid":{"rendered":"http:\/\/www.thebusinesschain.com\/?p=456"},"modified":"2025-04-13T04:08:10","modified_gmt":"2025-04-13T04:08:10","slug":"number-of-crypto-atms-installed-nears-its-all-time-record","status":"publish","type":"post","link":"http:\/\/www.thebusinesschain.com\/index.php\/2024\/06\/30\/number-of-crypto-atms-installed-nears-its-all-time-record\/","title":{"rendered":"Number of crypto ATMs installed nears its all-time record"},"content":{"rendered":"

<\/p>\n<\/p>\n

\"Number<\/p>\n

The number of cryptocurrency ATMs installed worldwide has spiked 17.8% to 38,279 over the last 12 months — inching closer to its record of 39,541 set in December 2022.<\/p>\n

As of 2024, there have been 2,564 new cryptocurrency ATMs installed, indicating a positive trend compared to the net loss of 2,861 machines in 2023, according<\/a> to Coin ATM Radar.<\/p>\n

\"Number
Number of cryptocurrency ATMs worldwide. Source: Coin ATM Radar<\/em><\/figcaption><\/figure>\n

The tally increased every month between July 2023 and May 2024.<\/p>\n

Installations from May to June fell by 115, but June rebounded strongly with a net increase of 377.<\/p>\n

Bitcoin Depot, Coinflip and Athena Bitcoin are the leading cryptocurrency ATM operators,<\/a> with 7,543, 5,057 and 2,756 machines, respectively.<\/p>\n

\"Number
Tallies of the largest cryptocurrency ATM operators worldwide. Source: Coin ATM Radar<\/em><\/figcaption><\/figure>\n

Bitcoin (BTC<\/a>) is by far the most popular cryptocurrency transacted with, while Bitcoin Cash (BCH<\/a>), Ether (ETH<\/a>) and Litecoin (LTC<\/a>) also feature prominently<\/p>\n

More than 82% of the world’s cryptocurrency ATMs are in the United States, while Canada comes in second at 7.7%.<\/p>\n

Australia has seen a surge<\/a> in installations, increasing nearly 17-fold to 1,107 machines over the last two years.<\/p>\n

At the current installation rate, Australia is well-positioned to surpass Europe’s 1,584 ATMs.<\/p>\n

Other countries with significant cryptocurrency ATM installations include Spain (313), Poland (279), El Salvador (215), Poland (211), Germany (177) and Hong Kong (169).<\/p>\n

Romania, Georgia, Switzerland, Austria and New Zealand are the other countries with more than 100 ATMs.<\/p>\n

Among the 193 United Nations-recognized countries worldwide, 72 host a cryptocurrency ATM. <\/p>\n

Related: <\/em><\/strong>Corporate adoption is in ‘amateur league’ despite Bitcoin ETFs<\/em><\/strong><\/a><\/p>\n

Between December 2022 and July 2023, installations experienced a significant net decline<\/a>, reaching an 18-month low of 32,764.<\/p>\n

Coin ATM Radar’s data suggests cryptocurrency ATM manufacturer<\/a> BitAccess contributed to that fall, with its net installations falling 26%<\/a> from 9,160 in August 2022 to 6,774 in January 2024.<\/p>\n

However, it has managed to increase its net installations by 1,208 since then.<\/p>\n

Magazine: <\/em><\/strong>El Salvador’s national Bitcoin chief has been orange-pilling Argentina<\/em><\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The number of cryptocurrency ATMs installed worldwide has spiked 17.8% to 38,279 over the last 12 months — inching closer to its record of 39,541 set in December 2022. As<\/p>\n

Continue reading <\/use> <\/svg>Number of crypto ATMs installed nears its all-time record<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":459,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[],"class_list":["post-456","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-litecoin"],"_links":{"self":[{"href":"http:\/\/www.thebusinesschain.com\/index.php\/wp-json\/wp\/v2\/posts\/456","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.thebusinesschain.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.thebusinesschain.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.thebusinesschain.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.thebusinesschain.com\/index.php\/wp-json\/wp\/v2\/comments?post=456"}],"version-history":[{"count":3,"href":"http:\/\/www.thebusinesschain.com\/index.php\/wp-json\/wp\/v2\/posts\/456\/revisions"}],"predecessor-version":[{"id":464,"href":"http:\/\/www.thebusinesschain.com\/index.php\/wp-json\/wp\/v2\/posts\/456\/revisions\/464"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.thebusinesschain.com\/index.php\/wp-json\/wp\/v2\/media\/459"}],"wp:attachment":[{"href":"http:\/\/www.thebusinesschain.com\/index.php\/wp-json\/wp\/v2\/media?parent=456"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.thebusinesschain.com\/index.php\/wp-json\/wp\/v2\/categories?post=456"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.thebusinesschain.com\/index.php\/wp-json\/wp\/v2\/tags?post=456"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}