Locations providing crypto ATMs companies have increased exponentially this year, based on data compiled by a serious monitoring site. Bitcoin ATMs have doubled in quantity since January and near 80 countries now host teller machines exchanging cryptocurrencies with fiat money.
Over 30,000 Crypto ATMs Operate Around the World
In a year when cryptocurrency markets broke all-time highs, the availability of digital coins has elevated and bitcoin ATMs have contributed significantly. Their number has recently exceeded 30,000 — more than double the count at the beginning of 2021.
Data collected by Coin ATM Radar reveals that on Jan. 1, there were 14,016 registered places supporting automated teller services for leading cryptocurrencies. And, as of Oct. 27, their number has reached a staggering 30,011.
These Bitcoin ATMs and other crypto teller services are spread across 76 countries and run by 628 operators, based on the monitoring website. America is the pronounced leader with more than 26,000 places while neighboring Canada has a little less than 2,000, and the whole European Union hosts only one,353.
Crypto teller units have elevated in Spain (155) and bitcoin-friendly Switzerland (130) but not all trends have been constructive. Their numbers have declined in another major market such as Austria, from this year’s high of 156 in June to 140 now, and the U.K. which saw a dramatic fall from 229 on Jan. 1 to 98 as of Wednesday.
Supported cryptocurrencies vary between ATMs however most of them present a chance to buy bitcoin (BTC) and lots of sell one or more of the opposite major coins comparable to bitcoin cash (BCH), ether (ETH), and litecoin (LTC). Some offer stablecoins like tether (USDT), or popular altcoins like dogecoin (DOGE). Two-way teller machines, those that can additionally purchase your cryptocurrency, are growing in number, too.
Top Crypto ATMs Operators
The highest 10 operators maintain almost 68% of all crypto ATMs, or more than 20,300. Bitcoin Depot, which has been expanding its network in the U.S., continues to be the largest among them with 5,314 units (17.7%), whereas Coincloud is second with 4,028 (13.4%). Coinflip comes in third with 2,953 units, or a little less than 10% of the world’s total.
Genesis Coin remains the main BATM manufacturer, accounting for over 40% of the market, adopted by Basic Bytes with more than 22%. Bitaccess is a close third with 14% of the currently operational devices. Different producers include Coinsource (6.1%), Bitstop (4.2%), Bytefederal (3.5%), and Lamassu (2.3%). Smaller companies have installed 7.2% of all registered crypto teller machines.
Source: Bitcoin News