Bitcoin News and Finance
The Number of Cryptocurrency ATMs Installed Worldwide Surpasses 39,000 Skip to main content

The Number of Cryptocurrency ATMs Installed Worldwide Surpasses 39,000

The Number of Cryptocurrency ATMs Installed Worldwide Surpasses 39,000

This week the number of cryptocurrency automated teller machines (ATMs) operating worldwide has surpassed the 39,000 mark. Since January 2017 when the count was approaching 1K machines, the number of crypto ATMs has grown by 3,925% since then. Crypto ATM numbers saw exponential growth during the last 23 months since September 1, 2020, when there were less than 10K machines worldwide.

There’s Now 39,011 Crypto ATMs Installed Across 77 Countries

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, according to metrics recorded by coinatmradar.com.

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.

The U.S. 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).

However, 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.

2022’s Top Crypto ATM Operators and Manufacturers

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.”

On Sunday, August 7, 2022, the gauge says that 14.7 crypto ATMs are being installed a day at the current rate. That means that in roughly 67.27 days, the number of crypto ATMs installed worldwide should reach 40K at that rate of speed.

What do you think about the number of crypto ATMs crossing the 39K mark this week? Let us know your thoughts about this subject in the comments section below.

Labels:

Comments

Post a Comment

Popular posts from this blog

Custodial Lightning Network Service Attack Discovered by LN ‘Newbie’ — Hacker Strikes 6 LN Custodians

On September 18, a Redditor posted to the r/bitcoin forum and explained how he discovered a way to “attack [the] lightning Network’s custodial services.” The Reddit account dubbed “Reckless Satoshi” wanted to figure out if a “discrepancy between real routing fees and service’s transaction fee can be exploited for a profit.” The researcher disclosed that he wanted to see how large the damage could be and said “it is bad.” 6 Lightning Network Custodial Services Attacked, Researcher Discloses Findings to Offenders Prior to Public Disclosure A Redditor called Reckless Satoshi published a disclosure post on r/bitcoin this past Saturday and disclosed how he had found a vulnerability with routing fees and some of the Lightning Network’s custodial services. The research attack was done in good faith and after it was complete he disclosed the bugs to the offending services before publishing his findings. Reckless Satoshi used the Lightning Network (LN) attack on six different services incl
Post a Comment
Read more

Axie Infinity Down 40% Since Last Week’s Price High, Protocol Revenue Outshines Competitors

Last week, the game token leveraged within the Axie Infinity gaming universe skyrocketed to all-time highs, while other crypto markets remained extremely lackluster. During the last seven days, Axie Infinity’s platform token has dropped significantly in value shedding more than 12%. Meanwhile, the game platform’s smooth love potion token has slid over 8% over the last 24 hours. Axie Infinity Down More Than 40% Since All-Time High Not too long ago, the axie infinity (AXS) token was a topical conversation because it reached an all-time high on July 15. At the time, AXS managed to capture $28.93 per unit and since then it has shed 12.8% during the last seven days. The axie infinity (AXS) token is used within the blockchain-based game that involves battles between token-based creatures called “Axies.” AXS is used for the game’s governance system as well as other actions within the game. At the time of writing axie infinity (AXS) is exchanging hands for $16.70 per coin. AXS/USD on Ju
Post a Comment
Read more

Play-to-Earn Game From Polker (PKR) Exchange Listing – Endorsed by Akon

The Play-to-Earn NFT based Polker.Game ‘s native token $PKR has been officially listed on the popular centralized exchange BitMart. Polker.game has been in the spotlight recently as Akon, the American R&B superstar and record producer gave his official endorsement of polker stating that the “game is revolutionary” and that Polker is “hands down.. the best play to earn, NFT game in the space.”. With the BitMart listing and celebrity endorsement from Akon, Polker is perfectly positioned to become a major player in the Play-to-Earn league. Watch Akon’s Video Here What is Play-to-Earn? Although not a new concept, play-to-earn has become a trending term due to the popularity of the NFT game AXIE infinity. In the past, previous play-to-earn games have also achieved success – however, thanks to the huge amount of development in the blockchain space in recent years the gaming experience is now massively improved. Play-to-Earn games are essentially free to play and open to anyone and
Post a Comment
Read more

China to Crack Down on Copyright Infringement Through NFTs

Authorities in China are going after creators of digital collectibles based on other people’s works of art, the use of which was not authorized. The government offensive is part of a campaign to combat online copyright infringement and piracy with the participation of several departments. Regulators in China Move to Strengthen Copyright Supervision of Online Platforms The National Copyright Administration of China (NCAC) has recently launched a campaign against copyright infringement and piracy on the internet, together with the Ministry of Industry and Information Technology, the Ministry of Public Security, and the State Internet Information Office of the People’s Republic. A major objective of the initiative is to improve copyright supervision of online businesses by investigating cases involving the sale and distribution of infringing products on short video, live broadcast and e-commerce platforms, and promptly dealing with infringing content, the agency announced in a press r
Post a Comment
Read more
Blogarama - Blog Directory