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Report: Number Of New Bitcoin ATMs Installed Worldwide Since March 1, 2020

The number of new Bitcoin ATMs installed worldwide is around 10,000 since March 1, 2020.

It has been reported according to the latest data from Coin ATM Radar, the current number of machines stands at 16,835, a strong 57.5% increase, or 9,683 new machines, as compared with 7,152 last year.

However, back in November 2020, a striking year-on-year increase of 80% had been reported. As previously, the vast majority of machines continue to be located in the United States, where 81% (13,699 out of 16,835 machines globally) are installed.

The report said that within the US, growth has been unparalleled, rising by 177% since March 1, 2020, or from 4,945 machines to 13,699 as of March 10, 2021. Canada, the country with the next-highest number of Bitcoin ATMs, clocks in at just 1,268, accounting for around 7.5% of machines worldwide.

Can you believe that nearly 10,000 new BTC ATMs have been installed since March 1st, 2020? The U.S., Canada, and Europe account for most of these ATMs worldwide. — Cointelegraph (@Cointelegraph) March 10, 2021

Two of the top countries tracked by Coin ATM Radar, Austria, and the United Kingdom, have seen a somewhat jagged trend in terms of Bitcoin ATM installations over the past couple of years: in the former, the number of machines peaked in May 2019, at 266, and has since fallen to 153 as of this week, a decrease of 42.5%.

Likewise, in the UK, the decline has been less stark, with a high point of 283 in February 2020 as compared with 199 in the latest figures: just under a 30% decrease.

It has been analyzed that Coin ATM Radar’s ticker tracking crypto ATM installation speed indicated that 34.6 new ATMs are being installed each day.

Thus, a vast majority of these machines remain buy-only, at 77.6%, with 22.4% offering support for both buy and sell operations.

Source: Cointelegraph | Image: Quartz

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