Global crypto ATMs exceed 26,000, over 86% increase YTD

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TL;DR Breakdown:

  • Crypto ATMs installation has risen by 86 percent since this year.
  • There are currently 26,051 ATMs installed, mostly in the United States and Canada. 

Global cryptocurrency ATMs installations have risen by over 86 percent since the beginning of 2021. 

These machines serve as another medium for people to buy and sell Bitcoin and other major cryptocurrencies using deposited cash or bank cards. The number of available crypto ATMs has been increasing with every proceeding year, which coincides with the growth of adoption in the crypto industry. 

Crypto ATMs have surpassed 26,000

According to data from CoinATMRadar, there are currently 26,051 available for use around the world – an 86.1 percent increase year-to-date. Last year, the number increased by only 101 percent. Given the remaining four months to 2022, this year’s record was on track to surpass the total installed machines last year.

Global crypto ATMs exceed 26,000, over 86% increase YTD 1

Interestingly, 79.9 percent of all crypto ATMs only support buying, while 20.1 percent support both buying and selling digital currencies. The five most supported cryptocurrencies are Bitcoin (26,036), Litecoin (19,096), Ether (15,413), Bitcoin Cash (7,404), and Dogecoin (7,300).

Countries with the highest ATM installation

The United States still leads in the list of countries with the highest crypto ATM installation rate around the world. The US holds over 88.2 percent of all ATMs installed (22,985), according to CoinATMRadar. Other countries include Canada (1,844), United Kingdom (164), Austria (157), Spain (145), Hong Kong (130), Switzerland (126), and Poland (106).

On August 28, the southern American country Honduras gained its first ATM installation, as Cryptopolitan reported. The machine was installed in the capital, Tegucigalpa, by TGU Consulting Group, enabling residents another option to easily buy digital currencies using the legal currency, Lempira. 

There are only 89 digital currency ATMs in the whole of South America. 

Ibiam Wayas

Ibiam Wayas

Ibiam is an optimistic crypto journalist. Five years from now, he sees himself establishing a unique crypto media outlet that will breach the gap between the crypto world and the general public. He loves to associate with like-minded individuals and collaborate with them on similar projects. He spends much of his time honing his writing and critical thinking skills.

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