The number of crypto ATMs worldwide is approaching 40,000

According to Coin ATM Radar as of August 8, 2022, 614 operators have installed 39,008 cryptocurrency ATMs worldwidein 77 countries, which indicates the growing popularity of cryptocurrencies, according to HCN.

Interestingly, the third quarter of 2022shows the greatest dynamics, despite the slowdown between the first and second quarters of 2022, when the number of new crypto ATMs decreased by 32.26% from 2362 to 1600 machines.

Notably, this upward trendstarted in January 2017, when the numbers were approaching 1,000 devices. Since September 2020, there has been a real breakthrough, with just under 10,000 cars noted worldwide.

As of early January 2017, whenThere were more than 969 cryptocurrency ATMs in the world, the number of installations increased by 3925%. North America was ahead with 37,074 machines or 95% of all cryptocurrency ATMs worldwide. About 3.8% of the global percentage of crypto ATMs operating today are in Europe, and 1.1% are on other continents.

Of the 39,008 ATMs, 38,996 support Bitcoin (BTC), of which 33,051 also accept various altcoins.

In 2021, the number of installations of crypto ATMs accelerated due to the growth of the crypto market, which continued in the first half of 2022.

Even though Bitcoin (BTC) has lost more than 50% of its value in 2022, the number of cryptocurrency ATMs will reach 40,000 in the coming months.

Experts predict the further adoption of cryptocurrencies, respectively, such a number of machines is far from final.