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Global Bitcoin ATMs Accounts 57.5% Increase This Year.

Since starting from 1st March, last year, the number of new Bitcoin ATMs installed globally is nearby to 10k. Consistent with the newest data from Coin ATM Radar, the present number of machines stands at 16,835, a robust 57.5% increase, or 9,683 new machines, as compared with 7,152 last year.

Earlier in Nov. last year, there was a striking year-on-year increase of 80%. As previously, the overwhelming majority of machines still be located within the U.S., where 81% (13,699 out of 16,835 machines globally) are installed.

Solely in the United States, growth has been unparalleled, rising by 177% since March 1, last year, or from 4,945 machines to 13,699 as of 10th March 2021. Canada, the country with the next-highest number of Bitcoin ATMs, clocks in at just 1,268, that sum for roughly 7.5% of machines worldwide.

Two of the highest countries tracked by Coin ATM Radar, Austria and therefore the U.K., have seen a somewhat jagged trend in terms of Bitcoin ATM installations over the past few years: Within the former, the number of machines peaked in May 2019, at 266, and has since fallen to 153 as of in the week – a decrease of 42.5%.

Within the United Kingdom, the decline has been less stark, with a part of 283 earlier in Feb. last year as compared with 199 within the latest figures: slightly below a 30% decrease. Figures for Europe as an entire show a more or less steady, but modest, hike from a sum of 1,233 machines earlier in March 2020 to 1,273 as of now.

Coin ATM Radar’s ticker tracking cryptocurrency ATM installation speed revealed that 34.6 new ATMs are being installed every day. A huge majority of those machines remain buy-only, at 77.6%, with 22.4% offering support for both buyers as well as sell operations.

While the United States, Canada, and Europe account for the lion’s share of all crypto ATMs worldwide, Hong Kong (85 machines), Russia (53), and Colombia (46) stand out as the countries with the very best number of ATM locations beyond the North American as well as European contexts.

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