The global deployment of cryptocurrency ATMs has surged by 17.8%, reaching a total of 38,279 units in the past year, closing in on its peak of 39,541 set in December 2022.
As of 2024, there have been 2,564 new cryptocurrency ATMs installed, marking a positive turnaround from the net loss of 2,861 machines in 2023, according to data from Coin ATM Radar.
The count steadily rose from July 2023 to May 2024. Although installations dropped by 115 from May to June, June saw a robust recovery with a net increase of 377.
Bitcoin Depot, Coinflip, and Athena Bitcoin lead the cryptocurrency ATM market, operating 7,543, 5,057, and 2,756 machines respectively.
Bitcoin (BTC) remains the dominant cryptocurrency for transactions, followed by Bitcoin Cash (BCH), Ether (ETH), and Litecoin (LTC).
Over 82% of the world’s cryptocurrency ATMs are located in the United States, with Canada following at 7.7%. Australia has seen a remarkable increase, expanding nearly 17-fold to 1,107 machines over the past two years. At the current pace, Australia is poised to surpass Europe’s 1,584 ATMs.
Other countries with notable cryptocurrency ATM deployments include Spain (313), Poland (279), El Salvador (215), Germany (177), and Hong Kong (169). Romania, Georgia, Switzerland, Austria, and New Zealand also host over 100 ATMs each.
Out of the 193 United Nations-recognized countries, 72 now host cryptocurrency ATMs.
From December 2022 to July 2023, installations experienced a significant decline, hitting a low of 32,764. BitAccess, a prominent cryptocurrency ATM manufacturer, contributed to this decline with a 26% drop in net installations, falling from 9,160 in August 2022 to 6,774 in January 2024. However, it has since increased its net installations by 1,208 units.
Source: Coin ATM Radar