Coin ATM Radar shows a favorable trend compared to the net loss of 2,861 machines in 2023, as 2,564 new crypto ATMs have been installed as of 2024. This increase points to a market rebound.

From July 2023 until May 2024, the count rose every single month. Installations from May to June dropped by 115; June recovered well, netting 377.

With 7,543,  5,057, and 2,756 machines, respectively, prominent bitcoin ATM operators are Bitcoin Depot, Coinflip, and Athena Bitcoin.  Although Bitcoin Cash, Ether, and Litecoin also show somewhat often, Bitcoin is by far the most often used cryptocurrency traded.

Though Canada comes in second at 7.7%, more than 82% of the world’s bitcoin ATMs are in the United States.

Installations in Australia have surged almost 17-fold to 1,107 devices over the past two years. Australia is positioned to outperform Europe’s 1,484 ATMs at the present installation pace.

Other nations with notable installations of crypto ATMs are Spain (313), Poland (279), El Salvador (215), Poland (211), Germany (177), and Hong Kong (169).

The other nations having more than one hundred ATMs are Romania, Georgia, Switzerland, Austria, and New Zealand. Of the 193 United Nations-recognized nations in the world, 72 have a bitcoin ATM.

Installations had a notable net drop between December 2022 and July 2023, falling to an 18-month low of 32,764.

Token ATM With its net installations declining 26% from 9,160 in August 2022 to 6,774 in January 2024, Radar’s data points to BitAccess, a maker of crypto ATMs, as having contributed to that dip. But since then, it has managed to boost its net installations by 1,208.

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