2024

Bitcoin

Coin

<div class="finbold">
 <p class="paragraph">While the metric finds itself in the news only infrequently, it probably does not come as a surprise that the ‘crypto winter’ had a significant – if staggered – impact on the number of extant cryptocurrency ATM machines in the world.</p>
 <p class="paragraph">Indeed, though the number continued rising throughout the calamities of 2022, the collapse of FTX proved a breaking point, after which the number of ATMs entered into a decisive decline and fell from just over 35,000 in November of the year to just under 34,000 in April 2023.</p>
 <p class="paragraph">While May brought a recovery, it was short-lived and by July 2023, the number of these machines found a bottom at 32,479. The crypto market bull run, however, which started with a significant Bitcoin (BTC) rally last October proved another breaking point.</p>
 <div class="border border-red-300 rounded-xl p-6 not-prose mb-6">
  <h3 class="text-2xl font-black mt-0 flex gap-x-3 mb-5">
   <svg width="32" height="32" viewbox="0 0 32 32" fill="none" xmlns="//www.w3.org/2000/svg"><path d="M4 10.6665V25.3332C4 28.2678 6.392 29.3332 8 29.3332H28V26.6665H8.016C7.4 26.6505 6.66667 26.4078 6.66667 25.3332C6.66667 24.2585 7.4 24.0158 8.016 23.9998H28V5.33317C28 3.8625 26.804 2.6665 25.3333 2.6665H8C6.392 2.6665 4 3.73184 4 6.6665V10.6665ZM8 5.33317H25.3333V21.3332H6.66667V6.6665C6.66667 5.59184 7.4 5.34917 8 5.33317Z" fill="#EF4444"> 
    </path> <path d="M15.996 18.6668L20.4626 14.2815C20.738 14.0166 20.9571 13.6989 21.1068 13.3473C21.2564 12.9957 21.3336 12.6176 21.3336 12.2355C21.3336 11.8534 21.2564 11.4752 21.1068 11.1236C20.9571 10.7721 20.738 10.4543 20.4626 10.1895C19.9074 9.64148 19.1587 9.33422 18.3786 9.33422C17.5985 9.33422 16.8498 9.64148 16.2946 10.1895L15.996 10.4801L15.6973 10.1881C15.1423 9.64023 14.3938 9.33301 13.614 9.33301C12.8341 9.33301 12.0856 9.64023 11.5306 10.1881C11.2552 10.453 11.0361 10.7707 10.8865 11.1223C10.7368 11.4739 10.6597 11.852 10.6597 12.2341C10.6597 12.6162 10.7368 12.9944 10.8865 13.346C11.0361 13.6975 11.2552 14.0153 11.5306 14.2801L15.996 18.6668Z" fill="#EF4444"> 
    </path>
   </svg> Picks for you</h3>
  <div class="grid md:grid-cols-2 gap-x-10 gap-y-3 md:gap-y-5 divide-y divide-gray-300 md:divide-y-0">
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    BlackRock's Bitcoin ETF achieves record inflows, ranks in U.S. top 10 ETFs <span class="self-center text-xs text-slate-500">19 mins ago</span>
   </div>
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    Bitcoin aims $70,000 this week as FOMO takes over the crowd <span class="self-center text-xs text-slate-500">1 hour ago</span>
   </div>
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    AI predicts HBAR price for May 1, 2024 <span class="self-center text-xs text-slate-500">1 hour ago</span>
   </div>
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    Blocktrade Arcade breaks the 1 million gameplays mark within three months <span class="self-center text-xs text-slate-500">1 hour ago</span>
   </div>
  </div>
 </div>
 <div class="mb-4 bg-slate-50 rounded-md layout-adjustment">
  <div id="finbold.com_middle" style="min-width: 300px; min-height: 250px;">
  </div>
 </div>
 <p class="paragraph">As a result, the chart has since turned positive, and between January 1, 2024, and press time on April 24, the number of crypto ATMs surged from 35,715 to 37,657 – by 1,942 – per the data retrieved from<em> </em><em>Coin ATM Radar</em>.</p>
 <figure class="wp-block-image aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/bJ5FfCeBmWhud5qvMdkZ58G71XhnEvVgUVheRr1VXTCzUdKrhXzaasHgTylfMM7kRd25vTXN6yzomqXJnUuRTJBUuEik7lG6SFnqEGgR-Fgsj5Av37UQ0aNAoLCBRJUlgG7HaFTYTw9F_D1xkjtJp_U" alt>
  <figcaption class="wp-element-caption">
   Chart showing the number of worldwide installed crypto ATMs. Source: Coin ATM Radar.
  </figcaption>
 </figure>
 <h2 class="wp-block-heading" id="h-which-country-is-adding-the-most-crypto-atms">Which country is adding the most crypto ATMs?</h2>
 <p class="paragraph">Perhaps unsurprisingly, no single country has more cryptocurrency ATMs than the U.S., which, by press time, boasts as many as 31,170.&nbsp;</p>
 <p class="paragraph">It is, however, noteworthy that, despite the recent trend for growth, the press time number is substantially below the peak of 34,650 which was reached on August 1, 2022.&nbsp;</p>
 <figure class="wp-block-image aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/isqCGEYQjFQFFrpLk8B33HYmhNQ9YC74nAUBSHN3XDALDaVnap_-Ub_CxylSdjAm3E1piBkRjzaE1QFfwO7j6wSx9nQ4bJDOIN38XbuYHqp3fQLoabSx2ew1dfuM5s-7oAJ8uFuS1EQqFERAzxJ9KZ4" alt>
  <figcaption class="wp-element-caption">
   Chart showing the number of installed crypto ATMs in U.S. Source: Coin ATM Radar.
  </figcaption>
 </figure>
 <p class="paragraph">This, if nothing else, demonstrates the extent of the damage caused by ‘crypto winter,’ and the initially belated but subsequently brutal regulatory response.</p>
 <p class="paragraph">Other tracked countries and regions, however, show that 2024 has brought both an uptrend when it comes to the number of <a rel="noopener noreferrer nofollow" title="installed" href="https://thebittimes.com/tag/installed.html">installed</a> cryptocurrency ATMs and their prevalence at record highs.&nbsp;</p>
 <p class="paragraph">For example, the E.U. as a whole, as of April 2024, boasts 1,617 such machines – compared with 1,549 on January 1.&nbsp;</p>
 <p class="paragraph">The chart is most striking for Australia, which has – after installing next to no new machines for years – kept continuously adding additional cryptocurrency ATMs since September 2022 and now boasts as many as 1,007.</p>
 <figure class="wp-block-image aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/yFA1okFk3j8p_bU_616MQlhTskCxiVmGeSbh7eMcCAkZzmUvRwdorMndRUDWnmNyX4vwAy5zLJvC-r6BOczSmBYfkSrhNtMNJsUc27kNsrqDxwuxJidMp86t0m_AyIl-ZqAAGCCot9aSXc8A77wdXUA" alt>
  <figcaption class="wp-element-caption">
   Chart showing the number of installed crypto ATMs in Australia. Source: Coin ATM Radar.
  </figcaption>
 </figure>
 <p class="paragraph">Switzerland, however, stands in stark contrast to all other tracked countries and regions as the country was not only seemingly unaffected by much of the crypto winter but is also unaffected by the ongoing bull market.&nbsp;</p>
 <figure class="wp-block-image aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/CDkF0Vmzj1hqNDOmKjBnHvD7a4EUzjyarg3SsHgA6nFheqpkZJgLVTRb77vKEAMGOayKkr-A_9Cu4eSJMlDrWmzlfBPgcXwSKJofkyRlip-qgrSsdEdq68vUT2y-WmA8xsUfEkUglknaa8V6EAp3MXs" alt>
  <figcaption class="wp-element-caption">
   Chart showing the number of installed crypto ATMs in Switzerland. Source: Coin ATM Radar.
  </figcaption>
 </figure>
 <p class="paragraph">Indeed, the number of Helvetian cryptocurrency ATMs started decreasing last March and has fallen to 122 by April 24, 2024, from a peak of 147.</p>
 <p class="paragraph"><strong><em>Disclaimer</em></strong><em>: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/2-000-bitcoin-atms-installed-in-2024-tbt86387.html">https://thebittimes.com/2-000-bitcoin-atms-installed-in-2024-tbt86387.html</a></p>

2,000 Bitcoin ATMs installed in 2024

Table of Contents

TheBitTimes

Other articles published on Apr 24, 2024

Cryptocurrency Basics: Furrever Token Presale ROI Soars Above Ethereum and Shiba Inu Challenges

Analyst Forecasts ‘Monster Rally with Massive Returns’ for Shiba Inu (SHIB), Dogecoin (DOGE), and...

Dexalot Announces Launch of Its Central Limit Order Book DEX on Arbitrum (24 Apr)

Top Cheap Cryptos Under $1 Poised for 15X Gains

'Duke Nukem' X Post by Blockstream Boss Urges Community to Buy Bitcoin

Bitcoin’s Potential Surge Towards $100,000: Analyst Insights

Join our free newsletter for daily crypto updates!