Global crypto ATM installations have increased by 70% in 2021

Alongside cryptocurrency’s decade-long adoption drive, the momentum behind the set up of crypto ATMs continues throughout the globe. Based mostly on Coin ATM Radar’s newest information, crypto ATM installations in 2021 have witnessed a spike of 71.73%, pulling up the numbers from 13,993 on Jan. 1 to 24,030 on the time of reporting. 

Final yr, the worldwide depend rose to 13,993 ATMs with a 119.56% development after 7,620 new machines had been put in. To date, 2021 has seen the set up of 10,037 ATMs. To maintain issues in perspective, information means that crypto ATMs are being put in at a pace of roughly 52.3 ATMs per day.

The USA presently leads this house, having put in practically 48 ATMs per day, primarily based on the information acquired within the final seven days. As reported by Cointelegraph again in March, the ATM depend within the U.S. rose to 177% in only a yr, standing at 16,835.

Crypto ATMs will be accessed throughout 75 sovereign nations and are powered by 42 producers. Coin ATM Radar’s information on the producers additionally means that Genesis Coin dominates this house with 40.9% market share, whereas Normal Bytes owns round 24% of the market. The remaining 35% of the market is shared amongst different gamers, together with BitAccess, Coinsource and Bitstop.

Associated: Circle Okay comfort shops will host hundreds of crypto ATMs

One of many largest holders of the Bitcoin (BTC) ATM community, Bitcoin Depot, lately introduced a partnership with Circle Okay to put in crypto ATMs throughout the U.S. and Canada. The partnership has since resulted within the set up of greater than 700 Bitcoin ATMs.

Bitcoin Depot operates over 3,500 crypto ATMs permitting customers within the U.S. and Canada to buy over 30 forms of cryptocurrencies, together with Bitcoin, Ether (ETH) and Litecoin (LTC).