A digital tracker has revealed how the number of crypto ATMs in the world has again started increasing, with a sustained rise in the last few years.
An online crypto tracker has shared an interesting insight recently. According to the tracker, the number of crypto ATMs has surged over the last 12 months. ATM installations peaked at 38,279 in the previous 12 months, which is a rise of 17.8%. Back in December 2022, a record of 39,541 ATM installations had been created. The current estimate of the previous twelve months came very close to beating that record.
The period between July 2023 and May 2024 saw the tally increasing every month. A dip happened post May, but June rebounded with 277 crypto ATMs. Some of the leading operators of these ATMs include Coinflip, Bitcoin Depot, and Athena Bitcoin. Bitcoin Depot leads the tally with over 7500 ATMs.
Further, in terms of countries, the United States leads by a big margin. The country holds 82.4% of all the global crypto ATMs. Europe has around 4.2% of these ATMs. Other countries with significant numbers include Australia and Canada.
Another chart by the tracker denotes how the installations of these ATMs jumped after 2020. It saw dips in a few months post 2022, but the rise has steadily happened. These machines have been major drivers of crypto adoption across various countries.
A surge in crypto usage has likely happened, reflected in the growing number of these ATMs around the globe. This trend signifies a crucial shift in how people perceive and interact with crypto tokens. However, higher crypto adoption is a direct result of this phenomenon.
The rise of these ATMs signifies a crucial step in bridging the gap between crypto and fiat currencies.
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