The number of Bitcoin ATMs in the US rose 177% over the past year

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The number of Bitcoin ATMs in the US rose 177% over the past year

From 1. March 2020 the number of new bitcoin ATMs installed worldwide approaches 10,000. According to the latest data from Coin ATM Radar, the number of machines currently stands at 16,835, up 57.5%, or 9,683 new machines, compared to 7,152 last year.

In November 2020, Cointelegraph reported a sharp increase of 80% year-on-year. The vast majority of machines are still in the United States, where 81% are installed (13,699 machines out of 16,835 worldwide).

In the US, growth is unprecedented, up 177% from 1Q17 to March 2020, i.e. from 4,945 cars to 13,699 as of March 10, 2020. March 2021. Canada, the country with the second highest number of bitcoin ATMs, has only 1,268, or about 7.5 percent of the total number of ATMs in the world.

The top two countries tracked by Coin ATM Radar – Austria and the UK – have seen a somewhat mixed trend in bitcoin ATM installations in recent years, with the former peaking at 266 machines in May 2019 and since falling to 153 this week – a 42.5% drop.

In the UK, the decline was smaller, peaking at 283 in February 2020 compared to 199 in the latest data: just under 30%. The figures for Europe as a whole show a more or less steady but modest increase from 1 233 cars in March 2020 to 1 273 cars today.

The installation rate of cryptocurrency machines tracked by ATM Radar shows that 34.6 new ATMs are installed daily. The vast majority of these schemes are for buyers only – 77.6% – and 22.4% allow both purchase and sale.

While the United States, Canada and Europe account for the lion’s share of all cryptocurrency ATMs worldwide, Hong Kong (85 machines), the Russian Federation (53) and Colombia (46) stand out as the countries with the most ATMs outside of North America and Europe.

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Emilia James
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