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This week, the number of cryptocurrency automated teller machines (ATMs) operating worldwide has passed the 39,000 mark. Since January 2017 when the number approached 1K machines, the number of crypto ATMs has grown by 3.925% since then. Crypto ATM numbers saw exponential growth over the past 23 months since September 1, 2020, when there were less than 10,000 machines worldwide.
During the first week of August 2022, the number of automated teller machines (ATMs) operating globally crossed the 39K mark. In fact, in 77 countries, 614 crypto ATM operators have installed 39,011 cryptocurrency ATMs, according to calculations recorded by coinatmradar.com.
As of January 1, 2017, there were approximately 969 crypto ATMs worldwide, and since that time, installations have grown by 3,925%. Geographic distribution statistics show that North America dominates with 95.1% of all crypto ATMs worldwide with 37,081 machines.
The US commands 87.9% of the total crypto ATMs installed worldwide with 34,299 machines. The rest of the world’s percentage of crypto ATMs operating today is around 4.9%, with Europe taking 3.8% of this figure.
As for North America, Canada commands 6.3% of the worldwide aggregate, or 2,461 crypto ATMs in total. Of the 39,011 crypto ATMs registered on coinatmradar.com, data shows that 38,998 of these machines support bitcoin (BTC).
However, 33,056 of the total also support alternative cryptoassets. Litecoin (LTC) is spread on 32,466 machines, ethereum (ETH) is supported by 29,324 devices, dogecoin (DOGE) is held on 16,132 machines, and bitcoin cash (BCH) has support on 13,801 crypto ATMs.
The top crypto ATM operator in the world in terms of number of operational machines worldwide is Bitcoin Depot with 17.7% of the global total or 6,896 crypto ATMs installed. Bitcoin Depot is followed by Coincloud (5,643 machines), Coinflip (4,124 machines), Bitcoin of America (2,339 machines), Bitstop (1,969 machines) and Rockitcoin (1,781 machines).
Genesis Coin is the largest producer of crypto ATMs globally as it represents 40.6% of today’s machines, while General Bytes is second with 22.8% of the world’s manufactured crypto ATMs. Crypto ATM makers Genesis Coin and General Bytes are followed by Bitaccess (15.8%), Coinsource (5.2%), Bitstop (4.9%) and Bytefederal (2.8%).
Coinatmradar.com also measures the speed of crypto machines installed over time. The online portal dedicated to crypto-ATM statistics indicates that the speed is recorded by a meter scale “calculated based on the last 60 days, [while] the speed is calculated based on the last 7 days.”
On Sunday, August 7, 2022, the meter says 14.7 crypto ATMs are being installed per day at current rates. That means in about 67.27 days the number of crypto ATMs installed worldwide should reach 40K at that rate.
What do you think about the number of crypto ATMs crossing the 39K mark this week? Let us know your thoughts on this topic in the comments section below.
Image credit: Shutterstock, Pixabay, Wiki Commons, Coinatmradar.com Charts,
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