- CoinATMRadar reports that over 80% of the world’s cryptocurrency ATMs are installed in the United States.
- Thirty-eight thousand three hundred fifty-two crypto ATMs support the services of Bitcoin
- The crypto ATM installation meter is at 24.6, a palpable figure in the past 60 days.
Following the evolution of blockchain currency, cryptocurrency ATMs came into existence. For the past few quarters, a surge in the total number of ATMs is seen.
According to information from CoinATMRadar, as of August 01, 2024, the total number of crypto ATMs globally is 38,365. Over 80% of total crypto ATMs are installed in the United States.
The CoinATMRadar crypto ATM installation meter is at 24.6, which is appreciable in the past 60 days. There are ten major crypto ATM manufacturers globally; the list is ruled by Bitcoin Depot, which handles 8323 ATMs.
In the past few years, the total number of crypto ATMs grew in Canada following the sudden growth in the region’s tourism industry. For the first time since the beginning of 2024, a decline of -538 ATMs is seen globally.
The average monthly growth rate of crypto ATMs is 10- 15%, and over 75% of all ATMs allow only buying. Till the end of 2022, there were over 6 million crypto ATM users globally.
Only 75-80 countries allow the installation of crypto ATMs.
According to CoinATMRadar’s data, 394 other operators run 10141 crypto ATMs. Thirty-eight thousand three hundred fifty-two crypto ATMs support the services of Bitcoin; out of 38,361 ATMs 21, 018 ATMs support transactions related to altcoins(excluding Bitcoin & Bitcoin Cash).
What are Crypto ATMs?
Cryptocurrency ATMs are specialized kiosks that enable users to buy and sell cryptocurrencies using traditional currency, debit cards, and credit cards. However, fewer users prefer crypto ATMs as they charge high transaction fees. Physical tampering or hacking, and sometimes, regulatory issues are major concerns with these machines.
Crypto Market Price Alert
In the past 24 hours, the global crypto market has shown no significant movement; the Fear and Greed Index powered by CoinMarketCap is 42 (neutrality).
When writing, Bitcoin (BTC) is trading at $57426 with a weekly loss of 10.90%, and a decline of 10.95% was observed in the trading volume intraday. Ethereum (ETH) lost 3.43% in the past 24 hours, reaching $2,446; its market capitalization dipped 4.01%.
The total crypto market volume reflected a decline of 4.33%, reaching $93.94 Billion. BTC continues to dominate over 55% of the broader market.
XRP (XRP) ruled the intraday gainer list, adding more than 18% to its price, followed by Stellar (XLM), trading at $0.01015 and adding 6.63%. Although Artificial Superintelligence (FET) bled 10.36% in the past 24 hours, topping the intraday loser list.
