Since the installation of the first Bitcoin ATM in 2013, the number of these devices has increased significantly, approaching 40.000 worldwide.
Recent data from CoinATMRadar on the number of Bitcoin and cryptocurrency ATMs around the world reflects the growing acceptance and adoption of these digital assets, which have facilitated access to financial services for users in various regions.
The first Bitcoin ATM, installed in Vancouver, Canada, in 2013, opened the door to a new way of accessing cryptocurrencies. Now, these devices, which are increasingly expanding worldwide, act as a bridge between the traditional financial system and the new digital ecosystem.
Sustained and global growth
Since their appearance more than a decade ago, Bitcoin ATMs have seen steady growth. In 2020, the number of these ATMs exceeded 10.000, and in the past four years, this figure has tripled. This increase has not only been concentrated in traditionally crypto-friendly countries, such as the United States or Japan, but has also reached emerging regions in Latin America, Africa and Asia.
According to the data, there are a total of 39.198 Bitcoin ATMs worldwide. The United States leads the ranking with more than 31.548 ATMs, followed by Canada, Australia, Spain, Poland and El Salvador, the latter being the first country in the world to adopt Bitcoin as legal tender in 2021.
In Latin America, countries such as Mexico, Colombia and Argentina have seen a significant increase in the installation of these devices, driven by the demand for cryptocurrencies as financial alternatives in their economies marked by high inflation.
Australia shows remarkable growth in the number of Bitcoin ATMs
Data from CoinATMRadar shows that Australia has seen significant growth in the number of Bitcoin ATMs since late 2022, reaching a total of 1.360 ATMs in operation as of today. This number represents approximately 3,5% of the total number of Bitcoin ATMs in existence globally.
According to the data, this increase has been maintained for 29 consecutive months, placing Australia as the third country with the most Bitcoin ATMs, behind the United States and Canada. Even though the percentage is relatively low compared to these two nations, the trend suggests a growing interest and adoption of cryptocurrencies in the country.
Source: coinatmrad is
This growth in the number of Bitcoin ATMs has been driven by an increase in user confidence and the convenience that these devices offer for accessing cryptocurrencies, which is especially relevant for those who do not have access to traditional banking services.
United States, world leader in Bitcoin ATMs
The United States has established itself as the global leader in Bitcoin ATM installations, accounting for approximately 80,5% of the more than 39.000 cryptocurrency ATMs in operation globally. This growth has been driven by the increasing acceptance of cryptocurrencies and the digitalization of the economy.
Since China banned cryptocurrency transactions, the United States has taken the lead in the Bitcoin ecosystem, contributing significantly to the global hash rate, demonstrating its crucial role in maintaining and expanding Bitcoin usage. In the first few months of 2024, a notable increase in the installation of new ATMs was recorded, with a total of 31.548 operating in the country.
As more businesses and individuals join this phenomenon, growth in the installation of crypto ATMs is likely to continue. Although other countries such as Canada and Australia are increasing their presence in this market, the United States remains the main player due to its advanced technological infrastructure for cryptocurrencies.
