The quantity of Bitcoin ATMs installed has decreased by approximately 11.1% since the commencement of 2023, from 37,827 on January 1, 2023, to 33,628 on January 1, 2024.
According to Coin ATM Radar, the number of cryptocurrency ATMs worldwide has decreased from 37,827 on January 1, 2023, to 33,628 as of January 1, 2024. In 2023, the net total number of Bitcoin ATMs fluctuated between increase and decrease but ultimately declined by the end of the year.
Since October 2013, when Coin ATM Radar began monitoring cryptocurrency ATMs, the number of installed cryptocurrency ATMs has increased monthly in a consistent pattern, culminating in August 2022 with an unprecedented count of 39,376.
Subsequently, the figures started to decline, specifically during 2023. The United States experienced the most significant decline in cryptocurrency ATMs in 2023, decreasing by 15.4% from 32,672 to 27,631. However, the nation accommodates 82% of all cryptocurrency ATMs globally.
In the interim, the totals of Australia, Canada, Spain, and Poland increased consistently.
A Coin Machine According to data from Radar, BitAccess, a manufacturer of cryptocurrency ATMs, may have been a factor in that decline, as its net installations dropped 26% between August 2022 and January 2024, from 9,160 to 6,774.
However, throughout the year, two additional significant manufacturers, Genesis Coin and General Bytes, continued to increase the number of Bitcoin ATMs.
Meanwhile, Bitcoin Depot, a prominent contender in the cryptocurrency ATM industry, recently expanded to its 28th state in the country and became a publicly traded company on the Nasdaq on July 3.
Additionally, the company disclosed revenue of $179.5 million for the third quarter of 2023, representing a 3% growth compared to last year.
According to the data of Coin ATM Radar, 498 crypto ATM operators operate in 71 countries in total.
In addition to Bitcoin Cash (BCH), Ether (ETH), and Litecoin (LTC), Bitcoin (BTC) is the preeminent cryptocurrency that is readily available for purchase at crypto ATMs.
