New data reveals 6,100 cryptocurrencies and Bitcoin Automated teller machines were installed in the first 11 months of 2022. The latest figure is about one-third of installed ATMs in 2021. Data shows that the US, with over 34,000 crypto ATMs, accounts for nearly 90 of her. % of all installed machines.
Number of ATMs installed in 2022 will decline
According to data compiled by Crypto Presales, approximately 6,100 installed in the first 11 months of 2022 of cryptocurrency and bitcoin automated teller machines (ATMs) are almost one-third lower than those installed at the same time last year. The apparent slowdown in the number of newly installed ATMs contrasts with the rapid increase in the number of new installations seen in 2021.
As explained in the Crypto Presales report, 2021 will see the most cryptocurrency and bitcoin ATM installations ever. About 20,300 newly installed machines. A record number of new installations that year brought the total number of such ATMs to 32,600.
By contrast, 2022 was dominated by bearishness and the collapse of Terra LUNA and UST (and more recently he collapsed of FTX), with the number of installed ATMs declining for the first time. The report explains:
By mid-2022, there were approximately 37,800 cryptocurrency ATMs worldwide. That number continued to grow, surpassing 38,800 in August. However, in September, the number of BTMs decreased for the first time, dropping the total number of machines to 38,400.
Nevertheless, the report reveals that the number of installed ATMs has since recovered and is believed to hover around 39,000 by mid-November 2022. I made it
US dominates the roost
and about 90% of Bitcoin ATMs are in the US. Data shows that Canada’s 2,688 installed ATMs take second place on the top 10 list of countries with the most cryptocurrency vending machines. The rest of the top 10 countries have fewer than 300 ATMs installed.
Regarding ATM ownership, the report states:
“With 33% market share and over 12,000 machines as of November, Bitaccess is the world’s largest crypto ATM maker. General Bytes is second with 23% market share and nearly 9,000 BTM.” Genesis Coin and Bitstop followed with 22% and 5% market share, respectively.”
Coin According to a report that relies on ATM radar data, all installed 82% of machines support altcoins. About 80% of ATMs support Litecoin, 73% support Ethereum, and only 39% support Dogecoin.
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