Number of Crypto ATMs Rises 17.8% Over Past Year

The number of cryptocurrency ATMs worldwide has grown by 17.8% in the past year, reaching a total of 38,279. This is close to the record of 39,541 set in December 2022.

In 2024, 2,564 new ATMs were installed, a positive trend compared to the net loss of 2,861 in 2023. Coin ATM Radar reports that there has been a steady increase in installations every month from July 2023 to May 2024.

Although there was a decrease of 115 installations in May 2024, June saw a strong rebound with a net increase of 377.

The top three cryptocurrency ATM operators are Bitcoin Depot, Coinflip, and Athena Bitcoin, with 7,543, 5,057, and 2,756 machines respectively. Bitcoin remains the most popular cryptocurrency used in these ATMs, followed by Bitcoin Cash, Ether, and Litecoin.

The United States has over 82% of the world’s cryptocurrency ATMs, with Canada in second place at 7.7%.