The bitcoin ATM industry has reached a milestone as the number of machines installed worldwide has surpassed 10,000 after seven years since the first machine was installed. There are now 10,162 bitcoin ATM locations spread across 71 countries.
Number of Bitcoin ATMs Exceeds 10K
The number of cryptocurrency ATMs has grown significantly over the years, surpassing 10K last week. “It took industry roughly 7 years to reach this point since the first permanent bitcoin ATM installation in the end of 2013,” cryptocurrency ATM tracking website Coinatmradar wrote. “After the first 3.5 years, there were 1,000 active bitcoin ATMs in operation, over the next 3.5 years this figure has increased by 9,000 ATMs more.”
According to the site, 10,162 cryptocurrency ATMs have been installed in 71 countries. There are also 211,270 other locations that sell bitcoin such as mall kiosks and convenience stores.
Coinflip CEO Daniel Polotsky has shared some insights into the bitcoin ATM industry with news.Bitcoin.com. “With 10,000 machines placed globally, bitcoin ATMs have become the go-to service for those participating in the cash-to-crypto market, including a significant amount of the unbanked and underbanked,” he began. The CEO added that his company is installing between 30 and 50 bitcoin ATMs per week and is on track to have 3,000 bitcoin ATMs by the end of next year.
The U.S. is still in the lead with the most bitcoin ATMs installed (8,004 locations), followed by Canada with 879 locations, the U.K. with 281 locations, Austria with 152 locations, Spain with 105 locations, and Switzerland with 81 locations.
Genesis Coin tops the list of bitcoin ATM manufacturers, with 3,574 of its machines installed, followed by General Bytes with 2,964 machines, Bitaccess with 1,040 machines, Coinsource with 632 machines, and Lamassu with 518 machines.
There are also many bitcoin ATM operators. The top 10 operators run 5,263 crypto ATMs…