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, indicating a positive trend compared to the net loss of 2,861 machines in 2023, according to Coin ATM Radar.

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 is by far the most popular cryptocurrency transacted with, while Bitcoin Cash, Ether and Litecoin also feature prominently

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.

At the current installation rate, Australia is well-positioned to surpass Europe’s 1,584 ATMs.

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

Romania, Georgia, Switzerland, Austria and New Zealand are the other countries with more than 100 ATMs.

Among the 193 United Nations-recognized countries worldwide, 72 host a cryptocurrency ATM.

Between December 2022 and July 2023, installations experienced a significant net decline, reaching an 18-month low of 32,764.

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

However, it has managed to increase its net installations by 1,208 since then.

Source : Cointelegraph - Jun 30, 2024