Total Number of Bitcoin ATMs Sees 62.5% Growth In One Year – Coinfomania


NordFX

Cryptocurrencies continue to take gradual steps closer to mass adoptions as more Bitcoin Automated Teller Machines (ATMs) are being installed around the world.

Currently, the total number of Bitcoin ATMs has surged above the 8,000 mark, according to data from Coinatmradar, a leading cryptocurrency and Bitcoin ATM tracker. And, these ATMs are seen installed in a total of 73 countries across all continents.

Referencing the chart provided by Coinatmradar, the total number of Bitcoin ATM installations is 8,065 as of today 09 June 2020, which is a 62.5% increase over the last one year. 

Bitcoin ATM Installation

Irrespective of the situation of the cryptocurrency markets, more and more Bitcoin ATMs are being installed in countries around the world. 

In March this year, when the Bitcoin and the rest of the market plummet significantly, BATM installations continue to record massive growth, with reports revealing a 192% growth in 2 years. 

The US is leading Bitcoin ATM installations

Coinatmradar data further revealed that the United States has installed the highest number of Bitcoin ATMs. The country has 5933 crypto ATMs so far, which is 73.5% of the total number of Bitcoin ATMs installed all over the world. 

Austria, Canada, Spain, and the United Kingdom, are next on the list with a total number of locations 780, 271, 153, and 82, respectively.

Africa has the least BATM installations as the countries in the region have only one Bitcoin ATM location.

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Author: Caroline John

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Author: Caroline John