The number of bitcoin ATM machines has been increasing with the development of the industry. The first bitcoin ATM was launched in October 2013, not to mention that the industry has expanded exponentially since then. and drives a lot of interest.
There are currently 39,678 Bitcoin ATMs spread across 84 countries, with over 85% of them located in the United States.
fromMost recent Bitcoin ATMs are located in North America. The world’s top economy – the United States – is home to 34,298, with Canada – second at 2,704.
Second in the top five are Spain (270), Poland (214) and El Salvador (212). Because it was the first country to legalize Bitcoin trading.
In Asia, the highest density of Bitcoin ATMs is in Hong Kong – 154 of them. The machine has not been installed for more than four years.
Meanwhile, Singapore, which aims to become a digital currency hub, has no Bitcoin ATMs by the country’s top financial regulator, MAS. bannedThis was part of a crackdown on promoting cryptocurrencies to the public earlier this year.
in part Kazakhstan – The country that accounts for over 13% of the global hash rate – has only one Bitcoin ATM. While Vietnam, the world’s leader in crypto adoption, has five devices.
The first bitcoin ATM has beeninstall on October 29, 2013 in a coffee shop in Vancouver, Canada, and the second opened on October 8, 2013 in Bratislava. Slovakia While the United States had to wait until February 18, 2014 for the first to be installed. (installed in a cigar bar in Albuquerque New Mexico state)
Then the number of machines graduallymoreto exceed 500 by the end of 2015, while in December 2017 the number was almost 2,000 worldwide. And by the end of 2020, there are more than 12,600 machines worldwide.
However, the protracted crypto winter in 2022 has slowed down the number of add-ons installed. 6,100 new cabinets were installed, nearly three times fewer than those introduced in 2021.