• The total number of global bitcoin and crypto ATMs has increased to 38,597 as of Dec.30, a significant increase from the 32,627 crypto ATM installations recorded last year.
• The United States occupies the frontline of bitcoin ATM adoption, with 33,549 crypto ATMs in the region.
• Canada, Europe, Spain, Poland, Australia, and Switzerland have 2,559, 1,502, 226, 150, 218, and 145 crypto ATMs, respectively.
The number of bitcoin (BTC) and crypto ATMs installed globally is on the rise, despite the current bear market and lack of regulatory clarity in the Web3 space. According to Coin ATM Radar, the total number of crypto ATMs installed globally has reached 38,597 as of Dec.30, which is a significant increase from the 32,627 crypto ATM installations recorded last year.
The United States is leading the way in terms of bitcoin ATM adoption, with 33,549 crypto ATMs in the region. Canada is close behind with 2,559 crypto ATMs, and Europe boasts 1,502. Other jurisdictions, including Spain, Poland, Australia, and Switzerland, have 226, 150, 218, and 145 crypto ATMs, respectively.
The rising number of crypto ATMs is a sign of increasing adoption of cryptocurrencies and blockchain technology, despite the ongoing bear market and lack of regulatory clarity. While this is a positive development for the industry, it has also led to some regulatory issues in certain jurisdictions, as crypto ATMs are sometimes used by bad actors.
In response to this issue, many governments and regulatory bodies have taken steps to ensure that crypto ATMs are used responsibly. For example, the UK’s Financial Conduct Authority (FCA) has warned that crypto ATMs may be used by criminals to launder money and has put in place strict guidelines to ensure that crypto ATMs are used responsibly.
The increasing adoption of crypto ATMs is a sign that cryptocurrencies and blockchain technology are becoming increasingly accepted in the mainstream. Despite the current bear market, the industry is still making strides and it will be interesting to see how the number of crypto ATMs continues to grow in the coming years.