The global footprint of cryptocurrency ATMs is expanding at a robust pace, signaling renewed momentum in the adoption of digital assets through physical infrastructure. With 2,564 new machines installed in 2024 alone, the industry is on track to surpass last year’s net losses and approach the all-time high set in late 2022. This resurgence reflects growing public interest, improved regulatory clarity in certain regions, and increasing confidence among operators.
A Strong Recovery After a Challenging Year
After a period of contraction between late 2022 and mid-2023 — when over 2,800 machines were decommissioned — the market has rebounded strongly. Over the past 12 months, the total number of active cryptocurrency ATMs worldwide has surged by 17.8%, reaching 38,279 units. This brings the global count within striking distance of the peak of 39,541 ATMs recorded in December 2022.
According to data from Coin ATM Radar, the first half of 2024 has already seen 2,564 new installations, a clear reversal from 2023’s net loss of 2,861 machines. While there was a slight dip of 115 units between May and June, July witnessed a strong recovery with a net addition of 377 ATMs, indicating sustained momentum.
👉 Discover how easy it is to get started with digital assets using next-generation financial tools.
Leading Operators Driving Global Expansion
A handful of major players dominate the cryptocurrency ATM landscape. Bitcoin Depot, CoinFlip, and Athena Bitcoin lead the pack in terms of deployment:
- Bitcoin Depot: 7,543 machines
- CoinFlip: 5,057 machines
- Athena Bitcoin: 2,756 machines
These operators are not only expanding their domestic networks but also exploring international opportunities, particularly in regions with rising demand for decentralized financial services.
While Bitcoin (BTC) remains the most commonly traded cryptocurrency at these kiosks, alternatives like Bitcoin Cash (BCH), Ethereum (ETH), and Litecoin (LTC) continue to hold significant market share. This diversification suggests that users are increasingly comfortable transacting across multiple blockchain networks.
Geographic Distribution: The U.S. Dominates, but Global Growth Accelerates
The United States continues to dominate the crypto ATM landscape, hosting over 82% of all machines globally. Its vast network is supported by favorable state-level regulations in places like Florida, Texas, and California, where cash-based crypto transactions are relatively accessible.
Canada ranks second with 7.7% of global installations, maintaining steady growth due to urban demand and banking gaps in rural areas.
Australia has emerged as one of the fastest-growing markets. In just two years, its crypto ATM count has skyrocketed nearly 17-fold, now standing at 1,107 units. At this rate, Australia is poised to overtake Europe’s current total of 1,584 ATMs, especially given slower growth across many EU countries.
Other notable markets include:
- Spain – 313 ATMs
- Poland – 279 ATMs
- El Salvador – 215 ATMs
- Germany – 177 ATMs
- Hong Kong – 169 ATMs
Countries like Romania, Georgia, Switzerland, Austria, and New Zealand also report more than 100 active machines each, reflecting niche but growing adoption.
Globally, crypto ATMs are now present in 72 out of 193 United Nations-recognized countries, underscoring their role as entry points for unbanked and underbanked populations seeking alternative financial systems.
Market Challenges and Manufacturer Shifts
Despite overall growth, the industry has faced turbulence. Between December 2022 and July 2023, the global count dropped to an 18-month low of 32,764 ATMs, driven largely by operator exits and regulatory scrutiny.
One key contributor to this decline was BitAccess, a major manufacturer whose net installations fell from 9,160 units in August 2022 to 6,774 in January 2024 — a drop of 26%. Factors behind this include compliance costs, reduced profitability in low-traffic locations, and consolidation within the sector.
However, signs point to stabilization. Since early 2024, BitAccess has added 1,208 new machines, suggesting renewed investment and strategic refinements in deployment models.
Core Keywords Driving Visibility
To align with search intent and improve discoverability, the following keywords have been naturally integrated throughout this article:
- Cryptocurrency ATM
- Bitcoin ATM
- Crypto ATM installations
- Cryptocurrency adoption
- Digital asset access
- Blockchain infrastructure
- Financial inclusion
- Decentralized finance (DeFi)
These terms reflect both technical interest and consumer behavior trends related to physical access points for digital currencies.
Frequently Asked Questions (FAQ)
Q: What is a cryptocurrency ATM?
A: A cryptocurrency ATM is a physical kiosk that allows users to buy — and sometimes sell — digital assets like Bitcoin using cash or debit cards. Unlike traditional ATMs, they connect to blockchain networks instead of banks.
Q: Can I sell cryptocurrency at a crypto ATM?
A: Yes, many two-way ATMs support both purchases and sales. However, one-way machines (buy-only) are still more common. Always check the machine’s capabilities before initiating a transaction.
Q: Are crypto ATMs safe to use?
A: Most reputable machines use encryption and identity verification (like phone number or ID scanning) to comply with anti-money laundering (AML) rules. Users should still verify the operator and location to avoid scams.
Q: Do I need an account to use a crypto ATM?
A: No account is required for small transactions. However, larger purchases may require identity verification depending on local regulations.
Q: Why are so many crypto ATMs located in the U.S.?
A: The U.S. has a decentralized regulatory framework where individual states set rules, allowing more flexibility. States like Texas and Florida have embraced crypto-friendly policies, encouraging rapid deployment.
Q: How fast is the global crypto ATM network growing?
A: The network grew by 17.8% year-over-year, with over 2,500 new units added in 2024 so far. If current trends continue, the all-time high could be surpassed by early 2025.
The Road Ahead: Toward Mainstream Access
The resurgence of cryptocurrency ATM installations signals a broader shift toward tangible access points for digital finance. These kiosks serve as critical bridges for individuals unfamiliar with online exchanges, offering a familiar interface — much like traditional banking — for entering the crypto economy.
As technology improves and operational costs decrease, expect further expansion into emerging markets and underserved communities. Integration with mobile wallets, stablecoins, and identity solutions will likely enhance usability and compliance.
👉 Stay ahead of the curve by accessing innovative tools designed for the future of money.
With momentum building and infrastructure maturing, cryptocurrency ATMs are no longer just novelties — they're becoming essential components of the global financial ecosystem.