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The Number of Bitcoin ATMs in the US Rose 177% Over the Past Year

  • Posted On - 2021-03-10 13:29:00

From March 1, 2020, the number of new Bitcoin ATMs available worldwide is nearing 10,000. According to the latest reports from Coin ATM Radar, Currently there are 16,385 machines, a strong 57.5% increase, or 9,683 new machines compared to last year.

Right now in Nov. 2020, Cointelegraph has reported a striking year-on-year record breaking increase of 80%. As previously, the vast majority of machines continue to be located in the US, where 81% (13,699 out of 16,835 machines globally) are installed.

Within the U.S., growth has been unparalleled, rising up by 177% from March 1, 2020, or from 4,945 machines to 13,699 as of March 10, 2021. Canada, the second country with the next-highest number of Bitcoin ATMs, clocks in at just 1,268, accounting for roughly 7.5% of machines worldwide. 

Two of the top countries tracked by Coin ATM Radar, Austria and the U.K. have seen a somewhat jagged trend in terms of Bitcoin ATM installations over the past couple of years: in the former, the number of machines peaked in May 2019, at 266, and has since fallen to 153 as of this week decreasing by 42.5%.

In the U.K., the decline has been less stark, with a high point of 283 in Feb. 2020 compared to 199 in the latest figures: just below 30% decrease. Numbers for Europe as a whole show a more or less steady, but modest, increase from a total of 1,233 machines back in March 2020 to 1,273 as of now.

Coin ATM Radar's ticker tracking crypto ATM installation speed indicated that approximately 35 new ATMs are installed everyday and most of these machines are buy-only, at 77.6%, with 22.4% offering support for both buy and sell operations.

While the U.S., Canada and Europe account for the lion's share of all crypto ATMs all  around the world, Hong Kong (85 machines), the Russian Federation (53) and Colombia (46) stand out as the countries with the most number of ATM locations beyond the North American and European contexts.

Source: https://cointelegraph.com/news/the-number-of-bitcoin-atms-in-the-us-rose-177-over-the-past-year