Sa. Jun 15th, 2024

Recent years have witnessed a surge in the number of Bitcoin ATMs, as one of the most convenient and quickest ways to buy and sell the leading cryptocurrency. According to data gathered by the famous Website, the number of Bitcoin ATMs operating around the world jumped by 150% in the last two years, reaching more than 8,000 as of June.

Bitcoin ATMs Locations Surge in 2020

At the beginning of 2016, there were only 500 Bitcoin ATMs in the world, revealed Statista and Coin ATM Radar data. In the next twelve months, this figure increased by more than 90%, reaching 964 in January 2017.

Between 2017 and 2018, another 1,099 crypto ATMs were installed worldwide, with the combined number growing to 2,063 in January 2018. The rising trend continued in the next twelve months with the number of Bitcoin ATMs reaching 4,102 in January 2019, almost 100% jump in a year.

By the beginning of 2020, there were 6,352 ATMs supporting digital coins in the world. However, the last few months have witnessed a surge in the number of these crypto ATMs, with the total number increasing by 1,713 between January and June.

North America Leads in the Number of Bitcoin ATMs

Analyzed by geography, North America represents the leading region in the number of crypto ATMs, with an 83.1% market share as of June. The majority of that number or 5,931 ATMs are operating in the United States. Canada follows with 731 crypto ATMs, or 9.1% share.

Europe ranked as the second-leading region globally with 1,147 of Bitcoin ATMs, a 14.2% share in the total number. The Coin ATM Radar data revealed that the United Kingdom, Austria, and Switzerland represent the leading European countries, with 250, 149, and 77 ATMs, respectively. Far behind the leading regions, Asia ranked third with 123 ATMs and 1.5% market share.

Analyzed by manufacturer, Genesis Coin represents the market leader with 34,2% market share, or 2,759 crypto ATMs as of June. General Bytes follows with a 30.9% market share and 2,489 crypto ATMs operating around the world.

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