The number of ATMs supporting digital currency It was a tumultuous year for all. The US has lost more machines offering cryptocurrency teller services than any other country, but Australia tops the charts in terms of new installs, according to a new report.
} Cryptocurrency ATMs will decline globally by 2022, with approximately 200 devices retired in the US
Automated Teller Machines (ATMs) will allow users to You can buy currency or exchange coins for fiat currency. According to data compiled by Coin ATM Radar, the period started with 38,691 Bitcoin ATMs and ended with 38,603 Bitcoin ATMs, down 88 or -0.2%. The tracking site highlights:
This is the first time the number of Bitcoin ATM installations has gone negative.
This figure is from Radar’s December 2022 Bitcoin ATM Market Dynamics report. It remains a prominent leader, showing 33,941 locations out of a total of 38,608 worldwide. However, the country saw the largest number of cryptocurrency ATMs removed last year. 188 or 0.6%.
“When looking at the list of most active countries, the first thing to notice is that the usually dominant United States is at the bottom,” said the authors. Meanwhile, Australia climbed to the top of the list with 50 new installs representing an increase of almost 30%.
Canada, where 16 new BATMs were installed, grew by 0.6% to reach 2,558. This is followed by Hong Kong, which will end 2022 with 9 more vehicles than at the beginning of the year, a 6.8% increase, to a record 142 vehicles in a special administrative region of China.
Germany, the only her EU member state in the top five, will add Bitcoin ATMs to 89 locations in 2021. Mexico had the highest growth rate in Latin America (17.1%), increasing from 35 to 41 locations. These are followed by about a dozen European countries with good statistics, but the Old Continent still lags far behind North America in total.
Among the notable findings, the share of Bitcoin ATMs supporting other cryptocurrencies besidesBTC rose during the study period, now reaching nearly 68%. is that Dash was the most added coin in December with 11 additions (up 0.18%).
General Byte, Genesis Coin and Freedom Gateway remain the most active manufacturers of cryptocurrency teller machines. General Bytes had 222 devices installed during the study period. Coinhub, Coinflip Bitcoin ATMs, Olliv, and Coin Time are operators that have significantly increased the number of machines they manage.
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