• Tue. Nov 2nd, 2021

Bitcoin ATMs double this year, surpassing 30,000 globally – Bitcoin News

ByHazel R. Lang

Oct 27, 2021

Locations providing crypto ATM services have grown exponentially this year, according to data compiled by a major tracking site. Bitcoin ATMs have doubled in number since January, and nearly 80 countries now host ATMs exchanging cryptocurrencies with fiat money.

More than 30,000 Bitcoin ATMs are operating around the world

In a year when cryptocurrency markets have reached all-time highs, the availability of digital coins has increased and bitcoin ATMs have been a big contributor. Their number recently exceeded 30,000, more than double the number at the start of 2021.

Data collected by Coin ATM Radar shows that as of January 1, 14,016 registered locations supported ATM services for major cryptocurrencies. And, by October 27, their number had reached a staggering 30,011.

Bitcoin ATMs double this year, surpassing 30,000 globally
Source: coin radar

These Bitcoin ATMs and other crypto ATM services are spread across 76 countries and operated by 628 operators, according to the tracking website. The United States is the pronounced leader with over 26,000 locations, while neighboring Canada has just under 2,000, and the European Union as a whole has just 1,353.

Crypto-cash devices have increased in Spain (155) and Switzerland accepting bitcoins (130), but not all trends have been positive. Their numbers have declined in some other major markets such as Austria, from this year’s high of 156 in June to 140 now, and the UK which has seen a dramatic drop from 229 on January 1 to 98 on Wednesday.

Supported cryptocurrencies vary among ATMs, but most of them offer the ability to buy bitcoin (BTC) and many sell one or more of the other major coins such as bitcoin cash (BCH), ether (ETH) and litecoin (LTC). Some offer stablecoins like tether (USDT) or popular altcoins like dogecoin (DOGE). ATMs, the ones that can also buy your cryptocurrency, are also on the rise.

Bitcoin ATMs double this year, surpassing 30,000 globally
Source: coin radar

The top 10 operators maintain nearly 68% of all crypto ATMs, or more than 20,300. Bitcoin Depot, which has extended its network to the United States, is still the largest among them with 5,314 units (17 , 7%), while Coincloud is second with 4,028 (13.4%). Coinflip comes in third with 2,953 devices, or just under 10% of the global total.

Genesis Coin remains BATM’s top maker, accounting for over 40% of the market, followed by General Bytes with over 22%. Bitaccess comes third with 14% of devices currently operational. Other producers include Coinsource (6.1%), Bitstop (4.2%), Bytefederal (3.5%) and Lamassu (2.3%). Small businesses installed 7.2% of all registered crypto ATMs.

Do you think the number of bitcoin ATMs will continue to grow at the current rate in the coming months? Share your expectations in the comments section below.

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