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Breaking News: Bitcoin Outlook Post Fed's 0.25% Rate Cut: Historical Patterns And Predictions

Number Of Crypto ATMs Installed Worldwide Reaches New Milestone

Best Owie
Best Owie
Last Updated: June 11, 2024 2:22 pm
3 mins read
Crypto ATMs

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With crypto adoption advancing rapidly over the last year, the installation of new crypto ATMs worldwide has also followed this accelerated rate. The number of countries where crypto ATMs are available remains on the rise too. Over the course of 2021, a large number of ATMs were installed as more countries accepted them. This time around, the number of crypto ATMs in the world has hit a new high, indicating that adoption remains high.

39,000 Crypto ATMs Worldwide

The rapid growth of crypto worldwide is embodied in the number of ATMs around the globe. This month, the space celebrated a new milestone in regards to these machines, which have now surpassed a total of 39,000 ATMs installed worldwide.

Related Reading: What Is FLOW Blockchain And Why Is The Price Up 100% In The Last 24 Hours?

Data from Coinatmradar shows that the number now sits at 39,015 ATMs installed across 78 countries. Most of the installations have happened in the last two years. Back on January 1st, 2020, the total number of crypto ATMs worldwide sat at 6,364 ATMs. Growing more than 513% in the time since then to its current level. 

Crypto market cap chart from TradingView.com

Market cap surpasses $1.1 trillion | Source: Crypto Total Market Cap on TradingView.com

During this time, the number of ATM manufacturers has also grown more than 100%. It is now sitting above 15,000 manufacturers from the 2,000 that dominated the space back at the beginning of 2020. This has facilitated competition in this industry, and the cost of using crypto ATMs has plummeted as a result. 

The United States Continues To Dominated

Most of the growth in the installation of ATMs has been happening in the United States. This is due to the acceptance rate of cryptocurrencies in the region and also the tendency to try out new tech. For this reason, more than 80% of all crypto ATMs installed worldwide have been in the United States.

It currently has a total of 34,301 ATMs out of the 39,015 ATMs that are currently live. It puts it at approximately 88% dominance in this industry. No other country comes close in this regard, and the United States has more crypto ATMs than all the other 77 countries combined. 

Related Reading: Polkadot Sets Sight On $9 As It Claims The 10th Spot On Crypto Top 10

Other countries which are seeing higher rates of installations include Canada, Spain, and El Salvador. The United Kingdom is interesting in this regard because while other countries are seeing the number of available crypto ATMs rise over the last two years, it has seen its numbers plummet. Currently, there are only about 22 ATMs in the UK.

There are currently 46 producers around the world with a total of 615 operations. As for businesses who bitcoin to cash and cash to bitcoin services, it currently sits at 324,114, with the US making up about half of this number.

Featured image from Gadgets 360, chart from TradingView.com

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Best Owie
Best Owie

Best Owie

Best Owie is a seasoned managing editor with a wealth of experience currently serving as the Managing Editor at NewsBTC. Best is a highly skilled professional with a track record of producing engaging and informative content. With a keen eye for detail and a passion for accuracy, Best is committed to ensuring that each article published meets the highest standards of quality.

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Best has over six years of experience in the crypto industry and has overseen the creation and publishing of thousands of articles over the years. Best is always abreast of everything that is going on in the crypto industry in order to create and curate the most relevant content for readers. This shines through in Best’s publications, which are always clear and concise, enabling easy reading and understanding for all.

Best is also an avid learner and advocate for new technology. This has seen Best dive into topics in areas such as decentralized finance (DeFi), non-fungible tokens (NFTs), Layer 2 blockchains, etc. In addition to this, Best is a vocal member of the crypto community across various social media platforms such as X and Reddit. Best’s work garners tens of thousands of readers monthly, who rely on the information in these publications to keep up-to-date with everything happening in the crypto community.

Best’s articles explore breaking news, intricate systems such as yield farming, liquidity pools, and other decentralized finance (DeFi) systems. This is because Best understands the importance of information to gaining financial freedom and believes that everyone should have access to this information.

Best also believes in leveraging the blockchain for philanthropy to create the most positive social impact. This involves work with charitable organizations focused on financial literacy and education. With each article, Best lends a voice to important issues such as a more financially inclusive future, transparent systems for growth and development, and technology that is not self-serving but one that serves all of humanity.

When not curating engaging content, Best can be found reading a book with a cup of hot chocolate, enjoying a Netflix series, or exploring the outdoors with Green - the world’s most quiet and well-behaved Husky. Best’s interests also span other industries such as art, finance, and security, attending seminars and conferences in not just the crypto industry but other industries as well.

As an animal lover, Best is also involved with charities for animals, local shelters, and rescues. Best is also involved in local events that promote inclusivity, such as being a prominent member of hiking clubs and a cycling club, as well as being a part of a very happy group of animal lovers.

Best is a true professional in every sense of the word, with an exceptional dedication to producing high-quality work. This shines through in Best's work on and off the clock. These include advocating for inclusive crypto education for all, the impact of financial illiteracy, and the benefits of adopting new technologies such as cryptocurrencies. Best’s prolific career in the media industry is a testament of how hard work and dedication pays.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
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