In 2021, the number of global cryptocurrency ATMs has increased exponentially, with more than 20,000 newly installed since December last year. This is more than the total number of all encrypted teller machines that have been put into operation in the past seven years.

Nearly 34,000 encrypted ATM machines are available worldwide

The locations of ATMs that provide users with the option of buying and exchanging cryptocurrencies using fiat currencies are increasing at an unprecedented rate. Data compiled by Coin ATM Radar shows that by the end of 2021, their number is close to 34,000.

A year after seeing the crypto market Historical high, More than 20,000 new devices have appeared worldwide.Increase according to installs chart According to the update of the tracking website, the number of Bitcoin ATMs in December 2020 was less than 13,000-this is all ATM locations registered since October 2013-and 12 months later, they exceeded 33,900.

Encrypted teller machines can be found in almost any corner of the earth, but their distribution is still very concentrated. Approximately 30,000 (about 90% of the total number) of all BATMs (Bitcoin ATMs) are operating in the United States. Its northern neighbor, Canada, ranks second, with more than 2,200 machines.

Bitcoin friendly Savior It has already ranked among the top with 205 machines, surpassing Spain and other EU countries with less than 200 machines, and Austria has 142 machines. As of December 29, there were only 1384 cryptocurrency ATMs across Europe, lagging behind North America, the main market.

Many companies now produce ATMs that support cryptocurrency. The largest players in the market are Genesis Coin with nearly 14,000 devices, General Bytes with more than 7,500 devices, and Bitaccess with nearly 5,000 devices. Both Coinsource and Bitstop ranked in the top five with less than 2,000.

At least 6,000 companies have encrypted ATMs in different parts of the world, and the 10 largest operators operate 70% of them.The largest company in the industry is Bitcoin warehouseA fifth of the market with more than 6,600 machines, followed by Coincloud (more than 4,600 units) and Coinflip (nearly 3,500 units).

The teller machine supports a variety of cryptocurrencies and can be a one-way or two-way device. The latter provides users with the ability not only to buy, but also to sell their digital currency. Most BATM offers the opportunity to buy Bitcoin (Bitcoin), and many offer other major coins such as Bitcoin Cash (Bitcoin cash), ether (Ethereum) And Litecoin (LTC).

Do you expect the number of Bitcoin ATMs to continue to grow exponentially in 2022? Please let us know in the comments section below.

Lubomir Tasef

Lubomir Tassev is a tech-savvy journalist from Eastern Europe. He likes Hitchens’ famous quote: “Being a writer is my nature, not what I do.” In addition to encryption, blockchain and financial technology, international politics and economics Are the other two sources of inspiration.