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Crypto ATM Installations In 2021 Witnessed A Spike Of 71.73%

Crypto ATM installations in 2021 have witnessed a spike of 71.73%, pulling up the numbers from 13,993 on January 1 to 24,030, as of July 26, according to Coin ATM Radar’s latest data.

It has been reported that last year, the global count rose to 13,993 ATMs with a 119.56% growth after 7,620 new machines were installed. So far, 2021 has seen the installation of 10,037 ATMs. To keep things in perspective, data suggests that crypto ATMs are being installed at a speed of roughly 52.3 ATMs per day.

However, the United States currently leads this space, having installed nearly 48 ATMs per day, based on the data acquired in the last seven days. As reported back in March, the ATM count in the US rose to 177% in just a year, standing at 16,835.

The report said that crypto ATMs can be accessed across 75 sovereign nations and are powered by 42 producers. Coin ATM Radar’s data on the manufacturers also suggests that Genesis Coin dominates this space with 40.9% market share, while General Bytes owns around 24% of the market.

Likewise, the remaining 35% of the market is shared among other players, including BitAccess, Coinsource, and Bitstop. One of the largest holders of the Bitcoin (BTC) ATM network, Bitcoin Depot, recently announced a partnership with Circle K to install crypto ATMs across the U.S. and Canada.

The partnership has since resulted in the installation of more than 700 Bitcoin ATMs.

Thus, Bitcoin Depot operates over 3,500 crypto ATMs allowing users in the U.S. and Canada to purchase over 30 types of cryptocurrencies, including Bitcoin, Ether (ETH), and Litecoin (LTC).

Source: Cointelegraph | Image: Pymnts


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