Number Of Crypto ATMs Installed Worldwide Reaches New Milestone
August 08 2022 - 7:00PM
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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. 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 Follow
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