The number of crypto ATMs accessible worldwide has been increasing at a rapid rate despite the bear market. There are now 37,905 crypto ATMs available in 77 countries. This is according to data available at Coin ATM Radar on June 8, 2022.
The previous day, June 7, the platform recorded 37,868 installed cryptocurrency ATMs. This means that 37 ATMs for cryptocurrencies was installed in one day.
On June 1, there were 37,816 crypto ATMs available globally. The implication is that in one week, 89 ATMs were installed.
Growth of Crypto ATMs
To understand how fast cryptocurrency ATMs are growing, a look at the Coin ATM Radar chart shows that on January 1, 2014, there were just 8 Bitcoin ATM available globally. On January 1, 2015, there were 329 Bitcoin ATMs installed. This is a 96% increase in ATMs.
By January 1, 2016, there were 503 ATMs installed for cryptocurrencies, a 35% increase.
On January 1, 2017, there were 968 crypto ATM, a 48% increase.
By January 1, 2018, 2075 ATMs have been installed for cryptocurrencies, an increase of 53%.
January 1, 2019 witnessed 4,105 crypto ATMs, when compared to the previous year, this is a 49% increase.
The following year, 2020, on January 1, there were 6,359 crypto ATMs, this is an increase of 35%.
By 2021, on January 1, there were 14,o41 ATMs for digital currencies. This is a 55% increase from the previous year.
By 2022, specifically on January 1, the site records 34,339 ATMs for crypto, giving an increase of 59% over the last year.
Monthly Net Changes
The crypto ATM monthly net changes shows that ATM installations peaked around August 2021. This is also around the same period that BTC hit ATH. For the 30-day period leading to August 1, 2021, 2,037 crypto ATMs were installed. This dropped to 1,594 by September 1, 2021.
The next 3 months of October, November and December of 2021, witnessed almost the same number of installations at 1,972, 1,971 and 1,971 ATM installations for digital currencies. By January 1, 2022, there was a 14% drop in installations to 1,690.
By February 1, 2022, there was a 46% drop to 969 installations. A further drop to 770 installations was witnessed by March 1, representing a 21% decrease. April 1, witnessed a 10% reduction in the number of installations to 691 ATMs.
By May 1, 202 ATMs for cryptocurrencies were installed, a reduction of 79%.
By June 1, 2022, 845 ATMs have been installed for the 30-day period of the month. This is a 76% increase from the last month’s.
Crypto ATM Operators
The CoinATMRadar website shows that there are 614 operators. Of these, the top 10 operators control 70% or 2,6516 crypto ATMs. 604 others are in charge of 11,358 machines. The top 10 operators and their share of installed ATMs are:
Bitcoin Depot, 6961 ATMs – 18.4%, CoinCloud, 5631 ATMs – 14.9%,
CoinFlip, 3716 ATMs – 9.8%, Bitcoin of America, 2052 ATMs – 5.4%,
Bitstop, 1845 ATMs – 4.9%, RockitCoin, 1,688 ATMs -4.5%, CoinSource, 1,602 ATMs – 4.2%, ByteFederal, 1,274 ATMs – 3.4%, National Bitcoin ATM, 897 ATMs – 2.4% and LocalCoin, 850 ATMs -2.2%
Global Distribution
Global Distribution shows that Africa has 26 crypto ATMs (0.1%), South America has 93 (0.2%), Oceania 62 (0.2%), Asia, 266 (0.7%), Europe, 1,420 (3.7%), North America, 36,038 (95.1%).
The major coins supported by the various ATMs are Bitcoin, 37,894 machines, Altcoins, 32,056 machines, Litecoin, 31,498 ATMs, Ether, 28,608 machines, Dogecoin, 15,478 machines, Bitcoin Cash, 11,479, Tether, 7,816, Dash, 6,246 machines, Zcash, 5,748, Monero, 1,601, Ripple, 395 machines and Lightning BTC, 67 ATMs.
