Crypto Daily – In the past year alone, Coin ATM Radar reports that the number of cryptocurrency ATMs worldwide has surged by 17.8%, reaching a total of 38,279 machines. This growth spurt, following a challenging period that saw a net loss of 2,861 machines in 2023, signals a robust recovery and renewed interest in these physical gateways to the digital currency world. With 2,564 new cryptocurrency ATMs installed in 2024 so far, the industry is inching closer to its December 2022 peak of 39,541 machines.
Neil Bergquist, CEO of crypto exchange Coinme, sees this resurgence as just the beginning.
“The bitcoin ATM market is projected to grow to $16.85 billion by 2033,” Bergquist noted in a recent article.
ATM Growth by the Numbers
The U.S. dominates the global bitcoin ATM landscape, hosting over 82% of all machines worldwide. Canada comes in a distant second at 7.7%. This concentration in North America underscores the region’s appetite for…
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