The number of cryptocurrency ATMs installed so far in 2024 has reached 2,564, which is expected to exceed the 2,861 removed in 2023

The number of cryptocurrency ATMs installed worldwide surged 17.8% to 38,279 over the past 12 months, approaching the record of 39,541 set in December 2022.

According to Coin ATM Radar, as of 2024, 2,564 new cryptocurrency ATMs have been installed, a positive trend compared to the net loss of 2,861 in 2023.

Between July 2023 and May 2024, the number increases every month.

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

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, while Bitcoin Cash, Ethereum and Litecoin also feature prominently.

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

Installations in Australia have surged, increasing nearly 17-fold to 1,107 units in the past two years.

At current installation rates, Australia is well placed to surpass Europe’s 1,584 ATMs.

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

Other countries with more than 100 ATMs include Romania, Georgia, Switzerland, Austria and New Zealand.

Of the 193 UN-recognized countries in the world, 72 have cryptocurrency ATMs.

There was a significant net decline in installations between December 2022 and July 2023, reaching an 18-month low of 32,764.

Crypto ATM manufacturer BitAccess was one of the contributors to the decline, with net installations falling 26% from 9,160 in August 2022 to 6,774 in January 2024, according to Coin ATM Radar.

However, it has managed to increase its net installs by 1,208 since then.#btc #ATM #BTCATM