The number of bitcoin ATMs doubled over the year

Startups are paying attention to the growing interest in cryptocurrencies and are adopting them to serveinterested clients. Against this backdrop, crypto ATM manufacturers are expanding their capacity more than ever.

According to the analytical website Coin ATM Radar, the number of installed ATMs has grown by more than 80% in 2020. This is almost 3 times more than at the beginning of 2019.

The world welcomed 2020 with 6372 crypto ATMs. At the time of this writing, 11,665 ATMs have been installed in the world, and their number continues to grow.

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ATMs are spreading around the world like a forestfire. Coin ATM Radar estimates that virtually one new ATM is put into operation every hour. Want to know the exact figure? So, 23 new ATMs are added per day.

The leader in this sector is the UnitedStates where growth is almost exponential compared to Europe. In 2020, the number of ATMs in America has grown from 4,213 to 9,242. They are installed in different places - from small shopping malls to the giant Tesla factory.

The United States owns 79.2% of all bitcoin ATMs inworld, followed by Canada with 880 ATMs, which is 7.5% of the total. The UK is the country with the largest number of ATMs in Europe (268), while Hong Kong leads the Asian market with 62 bitcoin ATMs.

Colombia is the undisputed leader in Latin America with 40 ATMs, while South Africa is at the forefront of the African continent with only 6 cryptocurrency ATMs.

The leading startup in the industry is Genesis Coin. The San Francisco-based firm has installed 4189 ATMs worldwide and is the fastest growing company. The second and third places were taken by General Bytes with 3442 ATMs and BitAccess with 1136.

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Another sector showing signs of healthygrowth is trade. Trading activity is rebounding after the horrific fallout from the March drop, according to P2P market tracking analyst site Useful Tulips. Surges in activity were recorded by North America, Latin America and Africa, they broke records of annual indicators, and at the same time and historical highs.

Increase in the number of crypto ATMsshows that the adoption of cryptocurrencies is growing every day. As new products and crypto services strengthen the ecosystem, it becomes easier for ordinary citizens to familiarize themselves with a new type of technology.

And it wasn't just ATM manufacturers who noticed this. This trend was also caught by strategists from large financial companies such as PayPal, MicroStrategy, Square and Grayscale, who not only invested in these assets, but also lowered the entry barrier, making bitcoin more convenient for people who never dared to invest in cryptocurrency.

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