The Number of Cryptocurrency ATMs Installed Worldwide Surpasses 39,000

The Number of Cryptocurrency ATMs Installed Worldwide Surpasses 39,000

The number of cryptocurrency automated teller machines (ATMs) operating worldwide has surpassed the 39,000 mark this week. Since January 2017, the number of crypto ATMs has grown by 3,925%, from 1K to 39K. Crypto ATM numbers have witnessed exponential growth during the last 23 months. There were fewer than 10,000 machines worldwide on September 1, 2020.

There are now 39,011 Crypto ATMs Installed Across 77 Countries

During the first week of August 2022, the number of digital currency dispensing automated teller machines (ATMs) operating globally surpassed the 39K mark. 614 crypto ATM operators have installed 39,011 cryptocurrency ATMs across 77 countries, according to metrics recorded by coinatmradar.com.

On January 1, 2017, there were approximately 969 crypto ATMs across the globe, and since then, installations have grown by 3,925%. The geographical distribution of data reveals that North America dominates with 95.1% of all the crypto ATMs worldwide with 37,081 machines.

The U.S. commands 87.9% of the aggregate of crypto ATMs installed worldwide, with 34,299 machines. The rest of the world’s percentage of crypto ATMs in operation today is around 4.9%, with Europe capturing 3.8%.

Canada in North America commands 6.3% of the worldwide aggregate, or 2,461 crypto ATMs in total. Out of the 39,011 crypto ATMs tallied on coinatmradar.com, data reveals that 38,998 of those machines support bitcoin (BTC).

However, 33,056 of the aggregate total also supports alternative crypto assets. Litecoin (LTC) is dispensed on 32,466 machines, Ethereum (ETH) is supported by 29,324, Dogecoin (DOGE) on 16,132 machines, and Bitcoin Cash (BCH) support is on 13,801 crypto ATMs.

Top 2022 Crypto ATM Operators and Manufacturers

The top crypto ATM operator in the world in terms of the number of operational machines worldwide is Bitcoin Depot, with 17.7% of the global total, or 6,896 crypto ATMs installed. Bitcoin Depot is followed by Coincloud (5,643 machines), Coinflip (4,124 machines), Bitcoin of America (2,339 machines), Bitstop (1969 machines), and Rockitcoin (1,781 machines).

Genesis Coin is the top crypto ATM manufacturer in the world with 40.6% of the machines, while General Bytes is second with 22.8% of the world’s manufactured crypto ATMs. Genesis Coin and General Bytes are followed by Bitaccess (15.8%), Coinsource (5.2%), Bitstop (4.9%), and Bytefederal (2.8%) as crypto ATM manufacturers.

Coinatmradar.com also tallies up the speed of crypto machines installed over time. The web portal dedicated to crypto ATM data indicates the speed is recorded by a gauge scale "calculated based on the last 60 days, [while] speed is calculated based on the last 7 days."

On Sunday, August 7, 2022, the gauge says that 14.7 crypto ATMs are being installed a day at the current rate. That means that in roughly 67.27 days, the number of crypto ATMs installed worldwide should reach 40K at that rate of speed.