Study: 6,100 Crypto ATMs Installed in 2022, Figure 3 Times Less Than in Previous Year

New information has shown that arsenic galore arsenic 6,100 crypto and bitcoin automated teller machines were installed successful the archetypal eleven months of 2022. The latest fig is astir 3 times little than the ATMs that were installed successful 2021. The information shows that the United States, which has implicit 34,000 crypto ATMs, accounts for astir 90% of each the installed machines.

Fewer ATMs Installed successful 2022

According to the information compiled by Crypto Presales, the astir 6,100 crypto and bitcoin automated teller machines (ATMs) installed successful the archetypal eleven months of 2022 are astir 3 times little than what was installed successful the aforesaid play past year. The evident slowdown successful the fig of recently installed ATMs is successful opposition to the accelerated summation successful the fig of caller installations that was seen successful 2021.

As explained successful the Crypto Presales report, the twelvemonth 2021 witnessed the astir crypto and bitcoin ATM installations by acold — astir 20,300 recently installed machines. That year’s grounds fig of caller installations brought the full fig of specified ATMs to 32,600.

In contrast, the twelvemonth 2022, which has been dominated by bears and the illness of Terra LUNA and UST (and much precocious the illness of FTX), has seen the fig of ATMs installed driblet for the archetypal time. The study explained:

By mid-2022, determination were astir 37,800 crypto ATMs worldwide. The fig continued rising and deed implicit 38,800 successful August. However, successful September, the fig of BTMs dropped for the archetypal time, with the full fig of machines slipping to 38,400.

The study nevertheless revealed the fig of installed ATMs has since recovered and was believed to person been hovering astir 39,000 by mid-November 2022.

United States Rules the Roost

Meanwhile, the information compiled by Crypto Presales shows that the United States accounts for astir 90% of each installed crypto and bitcoin ATMs successful 2022. According to the data, Canada’s 2,688 installed ATMs inhabit the 2nd presumption successful the apical 10 database of countries with the astir crypto-dispensing machines. The remainder of the countries successful the apical 10 person nether 300 ATMs installed.

Concerning the ownership of ATMs, the study said:

“With a 33% marketplace stock and implicit 12,000 machines arsenic of November, Bitaccess represents the largest crypto ATM shaper globally. General Bytes ranked 2nd with a 23% marketplace stock and astir 9,000 BTMs. Genesis Coin and Bitstop travel with a 22% and 5% marketplace share, respectively.”

The report, which relies connected information from Coin ATM Radar, noted that 82% of each the installed machines enactment altcoins. About 80% of the ATMs enactment litecoin, 73% enactment ethereum, and lone 39% enactment dogecoin.

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