December 5, 2022

Crypto Presales: The rate of installation of new crypto ATMs is steadily declining

Article reading time:
1 min.

Crypto Presales: The rate of installation of new crypto ATMs is steadily declining

Experts believe that since this year the number of new cryptomats was less than in the past, next year there will be even fewer of them. Reason: the protracted crisis in the cryptocurrency market.

Crypto company Crypto Presales published a reportabout a study in which she outlined the statistics on currently installed cryptomats around the world. According to the report, in the first eleven months of 2022, about 6,100 crypto ATMs were installed, which is almost three times less than in the same period of 2021 - 20,300 new machines.

Such a sharp and striking reduction in the company's analytics was associated with the collapse of the Terra LUNA project. In their opinion, the collapse of the FTX cryptocurrency exchange will lead to an even greater reduction in the number of new crypto ATMs.

“By the middle of the year, there were about37,800 cryptomats. Their number continued to grow until August and exceeded 38,800. However, we recorded the first reduction in September - then for the first time the number of cryptomats decreased to 38,400,” the report says.

The Crypto Presales team shared information aboutThe U.S. accounts for roughly 90% of all installed crypto and bitcoin ATMs in 2022 at 34,000. According to the data, Canada is in second place with 2,688 machines installed there this year. In all other countries, this number did not exceed 300.

Earlier, the Miami Department of the Federal Bureau of Investigation (FBI) announced that crypto ATMs are becoming a popular means that scammers use to get money from defrauded victims.