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Cryptocurrency News Articles

Global Crypto ATM Numbers Nearing All-Time High as Market Rebounds from Terra and FTX Collapse

Jan 15, 2025 at 07:42 am

Global crypto ATM numbers are steadily climbing, nearing their all-time high of 39,958 machines, recorded on Dec. 1, 2022, according to coinatmradar.com.

Global Crypto ATM Numbers Nearing All-Time High as Market Rebounds from Terra and FTX Collapse

Crypto ATM numbers are nearing their all-time high again, according to data from Coinatmradar.

As of Jan. 11, 2025, there are 38,866 crypto ATMs worldwide, up from 33,085 in July 2023.

The highest number ever recorded was 39,958 on Dec. 1, 2022.

The numbers dropped significantly after the Terra stablecoin crash and FTX collapse in Nov. 2022.

By July 2023, the total dropped to a low of 33,085 machines, representing a decrease of 6,873 devices.

Since then, installation rates have recovered.

December 2024 added 157 new machines, while November 2024 saw a net increase of 404 devices, though October 2024 experienced a decline of 280 ATMs.

Bitcoin Depot leads with 8,486 ATMs as of Jan. 11, 2025, according to Coinatmradar.com.

Other key operators include Coinflip, managing 5,289 machines, and Athena Bitcoin, which oversees 3,797 ATMs globally.

These operators collectively manage a substantial portion of the global crypto ATM infrastructure.

Smaller companies also contribute, particularly in expanding services to less saturated regions.

The global crypto ATM market is dominated by major operators.

Bitcoin Depot leads with 8,486 ATMs as of Jan. 11, 2025, according to coinatmradar.com.

Other key operators include Coinflip, managing 5,289 machines, and Athena Bitcoin, which oversees 3,797 ATMs globally.

Regional crypto ATM distribution shows the United States hosting the majority of machines.

The country accounts for 81.3% of the global total, highlighting its role as a leader in crypto adoption.

Europe represents 4.3%, while Oceania and Australia host 4% and 3.5%, respectively.

This disparity in distribution underscores varying levels of crypto adoption globally.

The United States remains the primary market for crypto ATM services, with slower growth in other regions.

Bitcoin Dominates Supported Cryptocurrencies

Out of the 38,866 crypto ATMs, almost all—38,855 machines—support Bitcoin (BTC).

Litecoin (LTC) is the second most widely supported cryptocurrency, appearing on 54.2% of devices.

Ethereum (ETH) follows closely at 53.3%, while dogecoin (DOGE) is available on 10,767 ATMs, or 27.7% globally.

These figures reflect user preferences for major cryptocurrencies, with bitcoin remaining the dominant choice.

Litecoin and ethereum maintain strong support, while dogecoin appeals to a smaller yet notable audience.

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Other articles published on Jan 15, 2025