The global number of cryptocurrency ATMs has seen a significant increase of 17.8% over the past year, reaching a total of 38,279. This brings it closer to the previous record of 39,541 set in December 2022. Coin ATM Radar reports that there have been 2,564 new installations in 2024, indicating a positive trend compared to the net loss of 2,861 machines in 2023.
The installation count has consistently risen every month from July 2023 to May 2024. While there was a slight decrease of 115 installations from May to June, June saw a strong rebound with a net increase of 377 installations.
Bitcoin Depot, Coinflip, and Athena Bitcoin are the leading operators of cryptocurrency ATMs, with 7,543, 5,057, and 2,756 machines respectively.
Bitcoin (BTC) remains the most popular cryptocurrency used in these ATMs, followed by Bitcoin Cash (BCH), Ether (ETH), and Litecoin (LTC).
The United States holds over 82% of the world’s cryptocurrency ATMs, with Canada coming in second at 7.7%. Australia has experienced a significant surge in installations, with the number of machines increasing nearly 17-fold to 1,107 over the past two years. At this rate, Australia is on track to surpass Europe’s 1,584 ATMs.
Other countries with notable 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 also have over 100 ATMs each. Out of the 193 United Nations-recognized countries, 72 currently host a cryptocurrency ATM.
Between December 2022 and July 2023, installations experienced a significant net decline, reaching a low of 32,764. Coin ATM Radar’s data suggests that BitAccess, a cryptocurrency ATM manufacturer, contributed to this decline with a 26% drop in net installations from August 2022 to January 2024 (from 9,160 to 6,774). However, BitAccess has since managed to increase its net installations by 1,208.
In other news, El Salvador’s national Bitcoin chief has been promoting Bitcoin adoption in Argentina.