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.