Author: Mlixy

With the installation of Bitcoin ATMs around the world, the global expansion process of cryptocurrencies continues slowly but steadily.

In the past 12 months, the number of cryptocurrency ATMs installed globally has surged by 17.8% to 38,279, approaching the record high of 39,541 set in December 2022.

More and more of these revolutionary machines are emerging, making it easier for people to access the king of cryptocurrency than ever before. Here is an overview of current trends and future prospects.

Bitcoin ATM installation numbers surge

It can be said that Bitcoin ATM helps to expand the blockchain technology by promoting the purchase of Bitcoin, especially during bull markets, these ATMs help educate and familiarize a new generation with the benefits of cryptocurrency.

According to Coin ATM Radar statistics, the installation of Bitcoin ATMs has seen a significant rise in the past few months. 2,564 new machines were deployed in 2024.

38,279 active ATMs, an impressive number that is close to the historical record of 39,541 ATMs set in December 2022.

The leaders of this revolution, such as Bitcoin Depot, Coin flip, Coin Cloud, and Athena Bitcoin, respectively occupy the market with 7,543, 5,057, and 2,756 machines.

The following numbers can illustrate this trend:

1. 82% of ATMs are located in the United States.

2. Following closely behind is Canada, with a proportion of 7.7%.

3. Booming Australia, the number of machines has reached 1107, which is 17 times in two years.

4. Europe has 1,584 ATMs, but may soon be surpassed by Australia.

These Bitcoin ATM provide a secure and convenient alternative to the traditional method of purchasing cryptocurrencies. The complex procedures and endless verifications are no longer there. With Bitcoin ATM, users can complete everything with just a few clicks.

It can also be said that the ease of use and accessibility of these machines are key to their increasing success.

Bitcoin: The Leading Cryptocurrency in Currency Transformation

The leading cryptocurrency Bitcoin is still the most traded cryptocurrency through these ATM.

Other cryptocurrencies such as Bitcoin Cash, Ethereum, and Litecoin closely follow, but their popularity is still far behind Bitcoin.

This trend is reflected globally, from Spain (313 machines) to Poland (279 machines), including smaller but active countries such as El Salvador (215 machines) and Hong Kong (169 machines).

In addition, the global impact of Bitcoin is also evident:

1. In the 193 countries recognized by the United Nations, 72 countries have at least one cryptocurrency ATM.

2. The monthly net increase rate since July 2023 shows that the adoption rate continues to rise and remain consistent.

3. Every newly installed Bitcoin ATM will strengthen the presence of Bitcoin in our daily lives, making it more and more familiar and accepted by the public.

The rapid growth in the number of Bitcoin ATMs installed worldwide heralds the imminent accessibility of cryptocurrencies as never before.