Crypto ATM installations soar to 50.9 machines per day as total Bitcoin ATMs tops 24K worldwide

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Sun, 26 Mar 2023, 06:07 PM
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Crypto ATM installations soar to 50.9 machines per day as total Bitcoin ATMs tops 24K worldwide

Unsurprisingly, the U.S. tops the list of the number of crypto ATMs by country with 21,213 Bitcoin ATMs.

Bitcoin ATM / Image by: Wikimedia Commons

Tue, 27 Jul 2021, 05:25 am UTC

The crypto rally market rally sent popular digital currencies such as Bitcoin (BTC) and Ethereum (ETH) to new all-time highs and attracted hoards of new investors into the new asset class. With the global rise in crypto adoption, the number of crypto ATM installations this year has dramatically as well.

In fact, the number of crypto ATM installations has already reached 50.9 machines daily on average based on data from Coin ATM Radar. The United States is leading the pack with an average daily installation of 47.3 Bitcoin ATMs.

Canada has the second-highest growth in crypto ATM installations with 2.9 machines per day. Meanwhile, Europe ranks third at 0.6 crypto ATMs daily.

In March 2021, the United States already posted an incredible 177 percent increase in the number of Bitcoin ATM installations in just a span of 1 year. As of March 10, 2021, the number of machines reached 13,699, an increase of 4,945 machines from March 1, 2020, according to Cointelegraph.

The number of crypto ATMs installed worldwide has reached 24,068 machines as of July 27, 2021. This means a total of 10079 crypto ATMs has been added since the start of the year.

The figure represents a global increase of around 172 percent in the number of available Bitcoin machines where people make their crypto transactions. When the year started, there were only 13,989 machines worldwide.

Unsurprisingly, the U.S. tops the list of the number of crypto ATMs by country. Coin ATM Radar data reveals that there are 21,213 Bitcoin ATMs in the country as of writing.

The U.S. is followed by Canada with 1,707 ATMs, the United Kingdom with 174, and Austria with machines installed in 158 locations in the country. Completing the top ten spots are Hong Kong (fifth - 129 locations), Switzerland (sixth - 125 locations), Spain (seventh - 112 locations), Poland (eighth - 84 locations), Romania (ninth - 78 locations), and Czech Republic (tenth - 67 locations).

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