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Number of Bitcoin ATMs rises again
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THE Global number of Bitcoin ATMs rises to 38,766 in 2024approaching machine losses in 2023, one of the worst years for the industry. With 31,504 machines, the United States dominated the market, followed by Canada and Europe, where Bitcoin continues to expand. Brazil is also on the list, with 9 boxes spread across two states.
Developed in mid-2008, the Bitcoin was created to be a secure, transparent and accessible means of payment, surpassing the role of banks in the global exchange market. At least, that’s what Satoshi Nakamoto wrote in ‘Bitcoin: A Peer-to-Peer Electronic Cash System’, the cryptocurrency manifesto.
16 years after the launch of cryptocurrencies, which celebrated its anniversary on January 3rd, Bitcoin has transformed into something much bigger than expected. Today, cryptocurrency is a secure, transparent and accessible means of payment on a global level, but it has also become a very valuable digital asset. Currently sold for around US$100,000, Bitcoin is one of the assets with the greatest volatility and that delivers the most in terms of profitability.
However, despite its success as a digital asset, the token continues to have its primary role the exchange of values between peers. Therefore, several token trading companies invest in the creation of BTC ATMs. Unlike traditional bank ATMs, Bitcoin ATMs allow the purchase and sale of cryptocurrency, in cash, credit or debit card.
Bitcoin ATM in 74 countries
The Coin ATM Radar project brings together all Bitcoin ATMs around the world. According to project data, the number of Bitcoin ATMs increased in 2024. This occurred after recording worrying losses in 2023 of more than 3 thousand Bitcoin ATMs.
As of January 2024, the number of Bitcoin ATMs is 36,551. A year later, the number rose to 38,766. In other words, there was a growth of 6.02% compared to the previous year.
You United States continue to concentrate the largest number of Bitcoin ATMs, with 31,504 ATMs, or 81.27% of the global share. Of the total, 1,093 were installed last year alone. In second place is Canada, with 229 new Bitcoin ATMs.
Thirdly is the Eurozone, which grew 7.5%. In total, 116 new machines arrived on the old continent. Node Brazil there are 9 BTC ATMs 3 in São Paulo, 1 in Bauru, 1 in São Bernardo do Campo, 3 in Rio de Janeiro and 1 in Petrópolis.
Number of Bitcoin ATMs rises again
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Number of Bitcoin ATMs rises again
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Number of Bitcoin ATMs rises again
