Over 20,000 Bitcoin ATMs Installed in a Year

With over 20,000 new installations since December last year, the number of cryptocurrency ATMs has increased exponentially. This is more than all the crypto teller machines that were in operation over the past seven years.

Nearly 34,000 Crypto ATMs are Available Worldwide

ATMs that allow users to exchange cryptocurrency with fiat money and buy it are growing at an incredible rate. Coin ATM Radar data shows that they are close to 34,000 by 2021.

Over 20,000 new devices were created in a year when the crypto market was at its highest level. The tracking website updated the growth chart showing that bitcoin ATMs had risen to less than 13,000 by December 2020. This is a total of all ATM locations in the country. Twelve months later, they have surpassed 33,900.

Although crypto teller machines are easily found in every corner of the globe, their distribution is very concentrated. Nearly 30,000 of all Bitcoin ATMs (bitcoin ATMs) are located in the United States. Canada is second with just over 2,200 machines.

El Salvador, a Bitcoin-friendly country, is already at the top of the list with its 205 machines. This surpasses Spain (which has less than 200) and Austria (which has 142). The European Union has 1,384 cryptocurrency ATMs as of December 29, lagging behind North America’s key markets.

Automated teller machines that support cryptocurrencies are now manufactured by a number of companies. General Bytes, Bitaccess, and Genesis Coin are the largest players on this market, with over 14,000 devices each, General Bytes having more than 7,500, Bitaccess with nearly 5,000, and General Bytes with over 7,500. The top five are completed by Bitstop and Coinsource, which have less than 2000 each.

There are at least 6,000 crypto ATMs around the globe, with the top 10 operators managing 70%. Bitcoin Depot holds the largest market share with more than 6,600 machines. Coincloud has over 4,600 machines and Coinflip is at almost 3,500.

There are two types of teller machines: one-way and two-way. They support many cryptocurrencies. These machines allow users to not only buy but also sell digital coins. Many BATMs offer the ability to buy bitcoin (BTC), as well as other major coins like bitcoin cash (BCH), Ethereum (ETH), and litecoin(LTC).