Accelerating the digital currency revolution, the total number of cryptocurrency ATMs deployed globally has surged by 17.8% over the last 12 months to 38,279 — tantalisingly near to the historic high of 39,541, recorded in December 2022.
In 2024 alone, a whopping 2,564 new cryptocurrency ATMs were added, promising a potential upturn from the net decline of 2,861 units in 2023, as per Coin ATM Radar. This mounting deployment indicates a fresh upswing in the crypto market, with global installations steadily increasing each month between July 2023 and May 2024.
Leading the charge in the crypto ATM domain, Bitcoin Depot, Coinflip, and Athena Bitcoin have rolled out 7,543, 5,057, and 2,756 machines, respectively. Bitcoin, predictably, is the most favoured cryptocurrency transacted via these ATMs, closely followed by Bitcoin Cash, Ether, and Litecoin.
A geographical breakdown finds 82% of the world’s cryptocurrency ATMs clustered in the United States, with Canada claiming the second spot with a 7.7% share. Number of installations in Australia are scaling fast—nearly 17 fold in the last two years—to stand at 1,107. Other countries with significant ATM roll-out include Spain, Poland, El Salvador, Germany, and Hong Kong.
In striking contrast, between December 2022 and July 2023, the crypto ATM landscape observed a steep fall in deployments, diving to an 18-month low of 32,764. Coin ATM Radar data suggests BitAccess, a crypto ATM manufacturer, played an instrumental role in the decline, seeing its net installations dip by 26% from 9,160 in August 2022 to 6,774 in January 2024. However, it has since upped its game to add 1,208 more installations.