Bitcoin-ATM Installation Rates Resumed Growth


The number of cryptocurrency ATMs around the world has increased to 35,065 units. In early April, there were 5% fewer — 33,389, according to the Coin ATM Radar service.

The United States remains the leader in the number of installed bitcoin-ATMs – 30,014 (84.7%). On the second line of the ranking is Canada with 2740 units or 7.6% of the total. In third place is Australia – 463 (1.3%).

In terms of manufacturers, General Bytes is in the lead with 10,109 crypto ATMs (28.8%). Next come BitAccess (6913, 19.7%) and Genesis Coin (6596, 18.8%).

Distribution of the crypto-ATM market among manufacturers. Data: Coin ATM Radar.

The leading Bitcoin ATM operator is Bitcoin Depot, which operates 6,362 devices or 18.2% of the market share. The top 3 also includes Coin Cloud (4265, 12.2%) and CoinFlip (4043, 11.5%).

Distribution of the crypto-ATM market among operators. Data: Coin ATM Radar.

In January 2022, device installations began to slow down. In the second half of last year, only 94 new ATMs appeared against 4169 in January-June.

Recall that in February 2023, the bitcoin-ATM operator Coin Cloud filed for bankruptcy. The company’s liabilities to ~10,000 counterparties are estimated in the range from $100 million to $500 million.

In the same month, West Yorkshire Police and the UK Financial Conduct Authority launched raids against illegal bitcoin ATMs in the Leeds area. In March, checks began in London.

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