During the first week of August 2022, the number of digital currency dispersing automated teller machines (ATMs) operating globally crossed the 39K mark. In fact, across 77 countries, 614 crypto ATM operators have installed 39,011 cryptocurrency ATMs.
It has been reported that on January 1, 2017, there were approximately 969 crypto ATMs across the globe and since that point, installations have grown by 3,925%. Geographical distribution statistics show that North America dominates with 95.1% of all the crypto ATMs worldwide with 37,081 machines.
However, the US commands 87.9% of the aggregate of crypto ATMs installed worldwide with 34,299 machines. The rest of the world’s percentage of crypto ATMs operating today is around 4.9% with Europe capturing 3.8% of that number. As far as North America is concerned, Canada commands 6.3% of the worldwide aggregate, or 2,461 crypto ATMs in total. Out of the 39,011 crypto ATMs tallied on coinatmradar.com, data shows that 38,998 of those machines support bitcoin (BTC).
The report said that 33,056 of the aggregate total also supports alternative crypto assets. Litecoin (LTC) is dispersed on 32,466 machines, Ethereum (ETH) is supported by 29,324 devices, dogecoin (DOGE) is held on 16,132 machines, and bitcoin cash (BCH) has support on 13,801 crypto ATMs.
Likewise, the top crypto ATM operator in the world in terms of the number of operational machines worldwide is Bitcoin Depot with 17.7% of the global total or 6,896 crypto ATM devices installed. Bitcoin Depot is followed by Coincloud (5,643 machines), Coinflip (4,124 machines), Bitcoin of America (2,339 machines), Bitstop (1969 machines), and Rockitcoin (1,781 machines).
Genesis Coin is the top crypto ATM manufacturer globally as it represents 40.6% of today’s machines, while General Bytes is second with 22.8% of the world’s manufactured crypto ATMs. The crypto ATM manufacturers Genesis Coin and General Bytes are followed by Bitaccess (15.8%), Coinsource (5.2%), Bitstop (4.9%), and Bytefederal (2.8%).
Coinatmradar.com also tallies up the speed of crypto machines installed over time. The web portal dedicated to crypto ATM statistics indicates the speed is recorded by a gauge scale “calculated based on last 60 days, [while] speed is calculated based on last 7 days.”
Thus, on Sunday, the gauge says that 14.7 crypto ATMs are being installed a day at the current rate. That means that in around 67.27 days, the number of crypto ATMs installed worldwide should reach 40K at that rate of speed.
Source: Bitcoin News
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