Crypto ATM installations surging worldwide, near all-time record

The number of crypto ATMs available worldwide has reached 38,279, drawing near to the record high of 39,541 from December 2022, according to data from Coin ATM Radar.

Almost 6,000 crypto ATMs have been added in the last 11 months as the crypto market has rebounded; they are available in 72 countries and manufactured by 43 different companies.

The number of crypto ATMs dropped during the bear market from the last part of 2022 to July 2023, when there were fewer than 33,000 such machines on hand to handle crypto transactions.

Thus far this year 2,564 crypto ATMs have been added, following a loss of 2,861 machines in 2023.

The US has the most crypto ATMs with 31,916. Canada is second with 3,024 and Australia third with 1,107.

Australia may exceed Europe’s 1,584 ATMs if installations there continue to surge, Cointelegraph has reported, as the country surpassed 1,000 locations in April.

El Salvador, which in 2021 became the first country to make Bitcoin legal tender, has 215 locations.

The country’s President Nayib Bukele is also moving ahead with a Bitcoin bank project, and other proposals, DL News has reported.

Bitcoin is by far the most-supported cryptocurrency on the ATMs worldwide, and is available on almost all the machines. Ethereum and Litecoin are also prominently represented.

Crypto market movers

• Bitcoin is up 1.32% today at $61,630.68.
• Ethereum is up 0.19% today at $3,392.98.

What we are reading

U.K.’s Next Government Must Act Fast to Regulate (and Retain) Crypto Firms — CoinDesk

‘Boring’ Bitcoin Sends Weekend Trading Volume to All-Time Lows — Bloomberg

Europe’s stablecoin laws are going live — here are six key concerns as MiCA rolls out — DL News