The global crypto ATM installations have increased by 70% in 2021. This is shown by data from the global crypto ATM supplier LiPS Technologies Group. The data shows that more than 100 crypto ATMs were installed in different countries in the first half of 2018. The growth rate continues to increase in the first half of 2019.

Since 2017, the number of installed crypto ATMs worldwide has increased by an average of 70% annually. This year, the number of crypto ATMs globally is forecast to increase by 90%, making it the fastest year-on-year growth for all time.

At the end of last year, it was reported that the number of crypto ATMs in the world had increased by 16%, with roughly 1,000 machines installed between January and December of the preceding year. And with the sudden surge in popularity of crypto last year, the number of ATMs has continued to grow. The first crypto ATM was installed in the US in October 2017, and since then, there has been a sharp increase.

Global crypto ATM installations have increased by 70% in 2021

 

Along with cryptocurrency’s decade-long acceptance push, the installation of crypto ATMs continues to gain traction across the world. According to Coin ATM Radar’s most recent statistics, crypto ATM installations in 2021 increased by 71.73 percent, rising from 13,993 on January 1 to 24,030 at the time of publishing. 

After 7,620 new ATMs were built last year, the total number of ATMs in the world increased by 119.56 percent to 13,993. So far, 10,037 ATMs have been installed in 2021. To put things in perspective, according to statistics, crypto ATMs are being built at a rate of about 52.3 every day.

The United States currently leads this space, having installed nearly 48 ATMs per day, based on the data acquired in the last seven days. As reported by Cointelegraph back in March, the ATM count in the U.S. rose to 177% in just a year, standing at 16,835.

Crypto ATMs are available in 75 countries and are powered by 42 different companies. According to Coin ATM Radar’s statistics on the manufacturers, Genesis Coin has a 40.9 percent market share, while General Bytes has approximately a 24 percent market share. Other companies, such as BitAccess, Coinsource, and Bitstop, compete for the remaining 35% of the market.

Thousands of cryptocurrency ATMs will be available at Circle K convenience shops.

Bitcoin Depot, one of the biggest Bitcoin (BTC) ATM network owners, has announced a collaboration with Circle K to deploy cryptocurrency ATMs throughout the United States and Canada. Since then, more than 700 Bitcoin ATMs have been installed as a consequence of the collaboration.

Bitcoin Depot offers over 3,500 crypto ATMs throughout the United States and Canada, enabling customers to buy over 30 different cryptocurrencies, including Bitcoin, Ether (ETH), and Litecoin (LTC).

The largest global ATM manufacturer, NCR, has outlined their expectations for the global commercial crypto ATM market from now until 2021. The company expects the number of crypto ATMs to grow by 70% this year alone, with a total of 1,300 crypto ATMs installed by 2021.. Read more about nearest bitcoin atm and let us know what you think.

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