Bitcoin Major Event: ATM Numbers Soar!
The rapid growth in the number of Bitcoin ATMs installed worldwide indicates that cryptocurrencies will soon achieve unprecedented accessibility.As Bitcoin ATMs are installed around the world, the global expansion of cryptocurrency continues slowly but steadily.
In the past 12 months, the number of cryptocurrency ATMs installed globally surged by 17.8%, reaching 38,279 units, close to the record high of 39,541 units set in December 2022.
An increasing number of these revolutionary machines are emerging, making it easier than ever for people to access the king of cryptocurrencies. Here is an overview of current trends and future prospects.
Surge in Bitcoin ATM Installations
It can be said that Bitcoin ATMs contribute to the expansion of blockchain technology by facilitating the purchase of Bitcoin, especially during bull markets, helping to educate and familiarize a new generation with the benefits of cryptocurrency.
According to Coin ATM Radar, there has been significant growth in Bitcoin ATM installations in recent months. In 2024, 2,564 new machines were deployed.
The impressive figure of 38,279 active ATMs is close to the historical record of 39,541 ATMs set in December 2022.
Leaders of this revolution, such as Bitcoin Depot, Coin Flip, Coin Cloud, and Athena Bitcoin, dominate the market with 7,543, 5,057, and 2,756 machines, respectively.
The following figures illustrate this dynamic:
1. 82% of the ATMs are located in the United States.
2. Canada follows closely with a share of 7.7%.
3. The thriving Australia has reached 1,107 machines, growing 17 times in two years.
4. Europe has 1,584 ATMs, but it may soon be surpassed by Australia.
These Bitcoin ATMs provide a secure and quick alternative to traditional methods of purchasing cryptocurrency. Gone are the complex procedures and endless verifications. With Bitcoin ATMs, users can complete everything with just a few clicks.
It can also be said that the ease of use and accessibility of these machines are key to their growing success.
Bitcoin: The Leading Cryptocurrency in Monetary Transformation
The leading cryptocurrency, Bitcoin, remains the most traded cryptocurrency through these ATMs.
Other cryptocurrencies like Bitcoin Cash, Ethereum, and Litecoin follow, but their popularity is still far behind that of Bitcoin.
This trend is reflected globally, from Spain (313 machines) to Poland (279 machines), as well as smaller but active countries like El Salvador (215 machines) and Hong Kong (169 machines).
Moreover, Bitcoin's global influence is also evident:
1. Among the 193 countries recognized by the United Nations, 72 countries have at least one cryptocurrency ATM.
2. The monthly net growth rate since July 2023 indicates a steadily increasing adoption rate.
3. Each newly installed Bitcoin ATM strengthens Bitcoin's presence in our daily lives, making it increasingly familiar and accepted by the public.
The rapid growth in the number of Bitcoin ATMs worldwide signals that cryptocurrency will soon achieve unprecedented accessibility.
