The slow but sure march towards the democratization of cryptocurrencies continues with the installation of Bitcoin ATMs across the world. More and more of these revolutionary machines are emerging, making access to the queen of cryptocurrencies easier than ever. Here’s a look at the current trends and future prospects.
Bitcoin ATM Facility Explosion
Bitcoin ATMs also make it possible to democratize access to blockchain technology. By making it easier to purchase Bitcoin, especially during a rebound period, these distributors help educate and familiarize a new generation with the benefits of cryptocurrencies.
According to ATM Radar Corner, Bitcoin ATM installation has seen a remarkable increase in recent months. In 2024, 2,564 new machines were deployed, contrasting sharply with the net loss of 2,861 ATM in 2023.
This impressive figure of 38,279 machines in operationgrazes the historic record of 39,541 ATM established in December 2022.
The leaders of this revolution, such as Bitcoin Depot, Coinflip, Coin Cloud, and Athena Bitcoindominate the market with 7,543, 5,057 and 2,756 machines respectively.
The figures illustrate this dynamic:
- 82% of ATMs are located in the United States.
- Canada follows with 7.7%.
- Booming Australia has grown to 1,107 machines, a 17-fold increase in two years.
- Europe maintains 1,584 ATM, but could soon be overtaken by Australia.
These Bitcoin ATMs offer a secure and fast alternative to traditional methods of purchasing cryptocurrencies. No more lengthy online procedures and endless verifications; with Bitcoin ATMs, everything is done in just a few clicks.
Ease of use and accessibility of these machines are the keys to their growing success.
Bitcoin: The flagship crypto of monetary transitions
THE Bitcoinflagship crypto, remains by far the most traded cryptocurrency via these ATMs. Other cryptos like Bitcoin Cash, Ether and Litecoin are not far behind, but they do not reach the popularity of the queen of cryptocurrencies.
This trend is observed worldwide, from Spain (313 machines) to Poland (279), passing through smaller but active countries such as El Salvador (215) and Hong Kong (169).
The overall impact is clear:
- 72 of the 193 countries recognized by the United Nations have at least one cryptocurrency ATM.
- Monthly net increases since July 2023 show continued growing adoption.
Every new Bitcoin ATM installation reinforces the presence of the queen of cryptocurrencies in our daily livesmaking it increasingly familiar and accepted by the general public.
The proliferation of Bitcoin ATM installations across the world promises unprecedented accessibility to cryptocurrencies in the near future.
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