The Number of Cryptocurrency ATMs Installed Worldwide Surpasses 39,000 – Bitcoin News
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Title: The Number of Cryptocurrency ATMs Installed Worldwide Surpasses 39,000 – Bitcoin News
Originally reported on news.bitcoin.com by Bitcoin News
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This week the number of cryptocurrency automated teller machines (ATMs) operating worldwide has surpassed the 39,000 mark. Since January 2017 when the count was approaching 1K machines, the number of crypto ATMs has grown by 3,925% since then. Crypto ATM numbers saw exponential growth during the last 23 months since September 1, 2020, when there were less than 10K machines worldwide.
There’s Now 39,011 Crypto ATMs Installed Across 77 Countries
During the first week of August 2022, the number of digital currency dispersing automated teller machines (ATMs) operating globally crossed the 39K mark. In fact, across 77 countries, 614 crypto ATM operators have installed 39,011 cryptocurrency ATMs, according to metrics recorded by coinatmradar.com.
On January 1, 2017, there were approximately 969 crypto ATMs across the globe and since that point, installations have grown by 3,925%. Geographical distribution statistics show that North America dominates with 95.1% of all the crypto ATMs worldwide with 37,081 machines.
The U.S. commands 87.9% of the aggregate of 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 capturing 3.8% of that number.
As far as North America is concerned, Canada commands 6.3% of the worldwide aggregate, or 2,461 crypto ATMs in total. Out of the 39,011 crypto ATMs tallied on coinatmradar.com, data shows that 38,998 of those machines support bitcoin (BTC).
However, 33,056 of the aggregate total also supports alternative crypto assets. Litecoin (LTC) is dispersed 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.
2022’s Top Crypto ATM Operators and Manufacturers
The top crypto ATM operator in the world in terms of the number of operational machines worldwide is Bitcoin Depot with 17.7% of the global total or 6,896 crypto ATM devices installed. Bitcoin Depot is followed by Coincloud (5,643 machines), Coinflip (4,124 machines), Bitcoin of America (2,339 machines), Bitstop (1969 machines), and Rockitcoin (1,781 machines).
Genesis Coin is the top crypto ATM manufacturer 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. The crypto ATM manufacturers Genesis Coin and General Bytes are followed by Bitaccess (15.8%), Coinsource (5.2%), Bitstop (4.9%), and Bytefederal (2.8%).
Coinatmradar.com also tallies up the speed of crypto machines installed over time. The web portal dedicated to crypto ATM statistics indicates the speed is recorded by a gauge scale “calculated based on last 60 days, [while] speed is calculated based on last 7 days.”
On Sunday, August 7, 2022, the gauge says that 14.7 crypto ATMs are being installed a day at the current rate. That means that in roughly 67.27 days, the number of crypto ATMs installed worldwide should reach 40K at that rate of speed.
What do you think about the number of crypto ATMs crossing the 39K mark this week? Let us know your thoughts about this subject in the comments section below.
Image Credits: Shutterstock, Pixabay, Wiki Commons, Coinatmradar.com charts,
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