Coin ATM Radar: Since June, the number of installations of cryptomats has been growing in the world

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The global trend towards a decrease in the number of installations of new crypto ATMs, associated with negative events and market saturation, has stopped, according to data from the analytical resource Coin ATM Radar.

In just the first five days of June there were817 cryptomats have been installed, the resource reports. This is a very good result considering that the number of crypto ATMs around the world has decreased sharply during 2022.

For comparison, in May it was registered inThere are only 202 new crypto ATMs on the network. The last time such a number of equipment installations was observed was three years ago, in 2019. As a matter of fact, over the past five months, starting in January, the number of installations of crypto ATMs has gradually slowed down, falling by 89.75% compared to December 2021.

According to Coin ATM Radar data, the US is currentlythere are 87.9% of 37,826 of all crypto ATMs on the planet. There is a network of 1,419 crypto ATMs in Europe, representing 3.8% of the total number of installed crypto ATMs in the world.

Crypto ATM Manufacturer Genesis Coin in Juneremains the leader in market share, representing 41% of the total number of operating crypto ATMs. The circle of manufacturers with a noticeable share now includes General Bytes (21.6%), BitAccess (16%), Coinsource (5.4%) and Bitstop (4.7%).

In May, the American electronics manufacturerLa Crosse, in partnership with Coinsource, said it plans to roll out a network of 800 crypto ATMs at Kwik Trips convenience stores. In April, in the building of the upper house of the Mexican parliament, the organizers of a round table on regulation of the cryptocurrency industry launched a cryptomat into operation.