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The number of cryptocurrency ATMs worldwide is rapidly increasing

Interest in cryptocurrencies continues to grow, and with it, the number of cryptocurrency ATMs. According to data from Coin ATM Radar, the number of these devices has increased by 17.8% over the past year, meaning that 2,564 new cryptocurrency ATMs were installed worldwide in 2024, facilitating the purchase and sale of digital assets.

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Significant increase in 2024

The year 2024 has seen a significant reversal in the trend of cryptocurrency ATM installations. While 2023 saw a decline of 2,861 devices, this year has brought an increase of 2,564 new ATMs. This positive trend reflects growing confidence and interest among users in cryptocurrencies.

Major market players and popular cryptocurrencies

Among the largest operators of cryptocurrency ATMs are companies such as Bitcoin Depot, Coinflip, and Athena Bitcoin, which together manage more than 15,000 devices. The most frequently used cryptocurrency in these ATMs is Bitcoin (BTC), followed by Bitcoin Cash (BCH), Ethereum (ETH), and Litecoin (LTC).

Geographical distribution

The United States dominates the market for cryptocurrency ATMs, with more than 82% of all devices located there. Canada is in second place with 7.7% of the global total. Australia has seen a remarkable increase, with the number of cryptocurrency ATMs rising nearly 17-fold over the past two years to 1,107.

Significant numbers of cryptocurrency ATMs can also be found in Spain (313), Poland (279), El Salvador (215), Germany (177), and Hong Kong (169). Other countries with more than 100 cryptocurrency ATMs include Romania, Georgia, Switzerland, Austria, and New Zealand.

The rapid increase in the number of cryptocurrency ATMs worldwide is evidence of the growing interest in cryptocurrencies. This trend shows that more and more people are using cryptocurrencies not only as an investment tool but also as a means of exchange and a store of value. With the increasing number of these devices, the accessibility and usability of digital assets are rising, which can further support their broader acceptance and integration into everyday life.

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