Crypto ATMs are gaining popularity throughout the world in line with cryptocurrency’s decade-long adoption push. A cryptocurrency ATM resembles a traditional ATM and is often used to trade bitcoin or withdraw money.
According to Coin ATM Radar’s most recent statistics, crypto ATM installations in 2021 surged by 71.73%, rising from 13,993 in January to 24,030 at the time of publishing. After 7,620 new ATMs were built last year, the total number of ATMs in the world increased by 119.56% to 13,993. To put things in perspective, according to statistics, crypto ATMs are being built at a rate of around 52.3 every day.
Based on statistics collected in the previous seven days, the United States now dominates this sector, having built almost 48 ATMs each day.
Crypto ATMs are now available in 75 sovereign countries and are powered by 42 manufacturers. According to statistics from Coin ATM Radar, Genesis Coin, built on the Ethereum blockchain has a 40.9 percent market share, while General Bytes has a 24 percent market share. Other competitors, such as BitAccess, Coinsource, and Bitstop, compete for the remaining 35% of the market.
Related: Independent Reserve Survey, 58% Singaporeans own Bitcoin
Bitcoin Depot, one of the major Bitcoin (BTC) ATM network owners, recently announced a collaboration with Circle K to deploy cryptocurrency ATMs across the United States and Canada. Since then, more than 700 Bitcoin ATMs have been installed as a consequence of the cooperation.
Bitcoin Depot provides over 3,500 crypto ATMs throughout the United States and Canada, allowing customers to buy over 30 different cryptocurrencies, including Bitcoin, Ethereum and Litecoin.
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