The year 2023 has been quite eventful for the crypto industry, with several positives and negatives. In the latest development, Bitcoin and crypto ATM installations have dropped by more than 5,000 units in 2023 based on data from Coin ATM Radar.

Global Crypto ATM Network Records Heavy Decline In Q1 2023

Although the crypto market began the year with a bounce following the FTX crises, Coin ATM  Radar recorded that 1,587 Bitcoin ATMs were uninstalled and decommissioned in the month of January. 

Going into February, when several assets experienced a general price loss, the crypto ATM network saw some positives, with only 275 units going offline globally. 

However, the month of March was quite dreadful as 3,627 ATMs across the world were removed from the network representing the biggest …