The number of Crypto ATMs grew 80% in 2020. Now the world has 11665 ATMs with 23 new machines every day. Talk about adoption
Startups have taken note of the growing interest in cryptocurrencies, seizing the opportunity to position themselves in the market and Crypto ATM manufacturers are expanding more than ever.
According to figures from the metrics website Coin ATM Radar, so far in 2020, there has been a growth of more than 80% in the deployment of new crypto ATMs. This is almost 3 times the amount reported at the beginning of 2019.
Crypto ATMs Spread All Over The World
The world welcomed 2020 with 6372 Crypto ATMs. At the time of writing, there are already 11665 ATMs deployed all over the globe… and the number is still growing.
ATMs are expanding like wildfire. Estimates from Coin ATM Radar calculate that virtually one new ATM is put into operation every hour. The exact figure? 23 new ATMs per day.
The United States leads the way as far as numbers go. Industry growth in that sector is almost exponential compared to Europe. In 2020, Americans went from having 4213 ATMs to 9242 ATMs in locations ranging from a small shopping mall to a Tesla gigafactory.
The country has 79.2% of all Bitcoin ATMs in the world, followed by Canada with 880 ATMs – 7.5% of the world total. The United Kingdom is the European country with more ATMs (268), while Hong Kong leads the Asian market with 62 Bitcoin ATMs (seems they like crypto ATMs more than fiat ATMS). Colombia is the undisputed leader in Latin America with 40 ATMs, while South Africa leads its continent with only 6 Crypto ATMs.
Genesis Coin is the leading startup in the industry. The San Francisco firm has deployed 4189 ATMs worldwide and is the one that has registered the fastest growth. The second and third places correspond to General Bytes with 3442 ATMs and BitAccess with 1136.