April 20, 2024

In May, the rate of installation of bitcoin ATMs fell to 2019 levels

In May, the rate of installation of bitcoin ATMs fell to 2019 levels

In May, 202 new crypto-ATMs were installed in the world.2019, according to Coin ATM Radar.

The slowdown in device installations began in January 2022. However, in June the trend changed to positive — in the first days of the month, 863 cryptomats already appeared.

In May, the rate of installation of bitcoin ATMs fell to 2019 levels

In May, the rate of installation of bitcoin ATMs fell to 2019 levels

Schedule for installing new crypto-ATMs by months. Data: Coin ATM Radar.

There are currently 37,836 devices in the world. In terms of countries, the United States holds the leading position - 87.9% of the total number of cryptocurrency ATMs are concentrated there.

In May, the rate of installation of bitcoin ATMs fell to 2019 levels

In May, the rate of installation of bitcoin ATMs fell to 2019 levels

Distribution of crypto-ATM by countries. Data: Coin ATM Radar.

The dominant producer is Genesis Coin, which holds 41% of the market. It is followed by General Bytes (21.6%), BitAccess (16%) and Coinsource (5.4%).

In May, the rate of installation of bitcoin ATMs fell to 2019 levels

In May, the rate of installation of bitcoin ATMs fell to 2019 levels

Distribution of the crypto-ATM market among manufacturers. Data: Coin ATM Radar.

The top 10 leading operators operate more than half of the operating bitcoin ATMs (70%). The leaders — Bitcoin Depot, CoinCloud and CoinFlip — share more than 9% of the total.

In May, the rate of installation of bitcoin ATMs fell to 2019 levels

In May, the rate of installation of bitcoin ATMs fell to 2019 levels

Data: Coin ATM Radar.

Recall that in March, the UK Financial Conduct Authority warned that cryptocurrency ATM operators operate illegally in the country.