The number of locations offering crypto ATM services has expanded significantly this year, according to data provided by a major tracking site. Since January, the number of Bitcoin ATMs has doubled, with over 80 countries now hosting teller machines that exchange cryptocurrencies with fiat currency.
The availability of digital coins has increased in a year when cryptocurrency markets have reached all-time highs, and bitcoin ATMs have played a significant role. Their number has now surpassed 30,000, more than doubling from the start of 2021.
Data collected by Coin ATM Radar shows that, there were 14,016 registered locations enabling automated teller services for popular cryptocurrencies on January 1st. And as of Oct. 27, their total number had risen to 30,011.
There are 628 Bitcoin ATMs and other crypto teller services scattered over 76 countries, operated by 628 operators, according to the tracking website. With almost 26,000 locations, the United States is clearly the leader, followed by Canada with just under 2,000 and the European Union as a whole with only 1,353.
Spain (155) and bitcoin-friendly Switzerland (130) have seen a growth of crypto teller devices, but not all trends have been beneficial. Other big markets have seen a drop in their numbers, such as Austria, which has dropped from a high of 156 in June to 140 today, and the United Kingdom, which has dropped from 229 on January 1 to 98 as of Wednesday.
The supported cryptocurrencies differ each ATM, but the majority of them allow you to buy bitcoin (BTC) and sell one or more of the other major coins including bitcoin cash (BCH), ether (ETH), and litecoin (LTC). Some accept tether (USDT) as a stablecoin, while others accept popular cryptocurrencies like dogecoin (DOGE).
The number of two-way teller machines, which can also buy your cryptocurrency, is also increasing.
More than 20,300 crypto ATMs are maintained by the top ten operators, accounting for over 68 percent of all crypto ATMs. Bitcoin Depot, which has been extending its network in the United States, is still the most popular, with 5,314 units (17.7%), followed by Coincloud with 4,028. (13.4 percent). Coinflip is in third place with 2,953 devices, or little under 10% of the total worldwide.
Genesis Coin continues to be the most popular BATM maker, with over 40% of the market share, followed by General Bytes with over 22%. With 14 percent of the currently active devices, Bitaccess is a close third.
Coinsource (6.1%), Bitstop (4.2%), Bytefederal (3.5%), and Lamassu (3.5%) are among the other producers (2.3%). Smaller businesses have installed 7.2 percent of the crypto teller machines that have been registered.
Do you think that the number of bitcoin ATMs will continue to rise at the current rate in the coming months? Let us know what you're hoping for in the comments area below.