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REGULATION
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2 days ago

82% of crypto ATMs are located in the United States

2024-07-02

REGULATION
by
2 days ago


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 of 2024, there have been 2,564 new cryptocurrency ATMs installed. This indicates a positive trend compared to the net loss of 2,861 machines in 2023.

 

The tally increased every month between July 2023 and May 2024.

 

Installations from May to June fell by 115, but June rebounded strongly with a net increase of 377.

 

Bitcoin Depot, Coinflip, and Athena Bitcoin are the leading cryptocurrency ATM operators, with 7,543, 5,057, and 2,756 machines, respectively.


Bitcoin Depot is the largest Bitcoin ATM Provider in the United States. The company went public in 2023, trading on Nasdaq stock exchange.


Bitcoin (BTC) is by far the most popular cryptocurrency transacted with, while Bitcoin Cash (BCH), Ether (ETH), and Litecoin (LTC) also feature prominently.

 

Bitcoin ATM Locations Worldwide (coinatmradar.com)


Number of crypto ATMs by countries.

1. United States – 31,667 locations

2. Canada - 3028 locations

3. Australia - 1109 locations

4. Spain - 311 locations

5. Poland - 279 locations

6. El Salvador - 215 locations

7. Germany - 177 locations

8. Hong Kong - 169 locations

9. Romania - 139 locations

10. Georgia - 127 locations

 

More than 82% of the world’s cryptocurrency ATMs are in the United States, while Canada comes in second at 7.7%.

 

Australia has seen a surge in installations, increasing nearly 17-fold to 1,107 machines over the last two years.

 

In conclusion, most of crypto ATMs are located in the United States.

 

 

 

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