Market Analytics and Considerations
Key Notes
- In 2022, there were more than 4,200 BTC ATMs deployed all across the world.
- With 33,947 total ATMs, the United States easily outpaced other nations.
- According to research, global marketplace for BTC ATMs will reach $5 billion in 8 years.
The number of new Bitcoin (BTC) automated teller machine (ATM) deployments substantially surged in 2022, according to data, despite the significant turmoil that shook the cryptocurrency market.
Over 4,200 BTC ATMs have been deployed worldwide, raising the total to 38,602, according to CoinATM Radar, with the United States dominating other nations by a significant margin. The largest year-over-year growth was between January 2021 and January 2022, according to CoinATM Radar data.
There were 14,072 BTC ATMs in the beginning of 2021, but by January 1 of 2022, that figure had increased by an astonishing 244% reaching 34,358. Importantly, at the start of 2020, there were just 6,362 BTC ATMs.
BTC ATMs are present in 33,947 sites across the United States, with 2,649 sites in Canada second place. Surprisingly, El Salvador, a nation that supports bitcoin, only has BTC ATMs in 212 locations despite becoming it legal tender in 2021.
In a recent report, industry research firm Grand View Research predicted that by 2030, the market for cryptocurrency ATMs may be valued upwards of $5 billion. The business also highlighted a Bitstamp survey from 2022,
In a down market, the number of Bitcoin ATMs has increased by 543% since 2020, according to Coin Editions.
