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Global crypto ATM installations to increase by 70% in 2021

With the decade-long adoption drive of cryptocurrency, the momentum behind the establishment of crypto ATMs continues around the world. Based on the latest data from Coin ATM Radar, crypto ATM installations have seen a growth of 71.73% in 2021 from 13,993 on January 1 to 24,030 at the time of reporting.

After 7,620 new machines were installed last year, the global number increased to 13,993 ATMs, an increase of 119.56%. So far, 10,037 ATMs have been installed in 2021. To put things in perspective, data suggests that crypto ATMs are being installed at a speed of around 52.3 ATMs per day.

Based on data obtained over the past seven days, the United States currently leads the spot, installing around 48 ATMs per day. As reported by Cointelegraph in March, the number of ATMs in the US increased by 177% in just one year to 16,835.

Crypto ATMs can be accessed in 75 sovereign countries and are operated by 42 producers. Data from the makers of Coin ATM Radar also shows that Genesis Coin dominates this space with a 40.9% market share, while General Bytes has around 24% of the market. The remaining 35% of the market is shared among other players, including BitAccess, Coinsource and Bitstop.

RELATED: Circle’s Convenience Store Will Host Thousands of Crypto ATMs

Bitcoin Depot, one of the largest holders of the Bitcoin (BTC) ATM network, recently announced a partnership with Circle K to set up crypto ATMs in the US and Canada. Since then the partnership has resulted in the installation of over 700 bitcoin ATMs.

Bitcoin Depot operates over 3,500 crypto ATMs, allowing users in the US and Canada to purchase more than 30 types of cryptocurrencies, including Bitcoin, Ether (ETH) and Litecoin (LTC).

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