Markets
Crypto ATM Installations Increasing Worldwide, Nearing All-Time Record – DL News
- Cryptocurrency ATM installations are on the rise.
- Nearly 6,000 cryptocurrency ATMs have been added in the past 11 months.
The number of crypto ATMs available worldwide has reached 38,279, approaching the record of 39,541 set in December 2022, according to for data of the coin ATM radar.
Nearly 6,000 cryptocurrency ATMs have been added in the past 11 months as the cryptocurrency market recovers; they are available in 72 countries and are manufactured by 43 different companies.
The number of crypto ATMs fell during the bear market from late 2022 to July 2023, when there were fewer than 33,000 of these machines available to handle crypto transactions.
So far this year, 2,564 cryptocurrency ATMs have been added, following a loss of 2,861 machines in 2023.
The US has the highest number of cryptocurrency ATMs, with 31,916. Canada is second with 3,024, and Australia is third with 1,107.
Australia could surpass Europe’s 1,584 ATMs if installations continue to increase, Cointelegraph he has reportedas the country surpassed 1,000 locations in April.
El Salvador, which in 2021 became the first country to make Bitcoin legal tender, 215 locations.
The country’s president, Nayib Bukele, is also moving forward with a Bitcoin bank project and other proposals, DL News he has reported.
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Bitcoin is by far the most widely supported cryptocurrency on ATMs worldwide, and is available on almost every machine. Ethereum and Litecoin are also prominently represented.
Cryptocurrency Market Movers
- Bitcoin is up 1.32% today to $61,630.68.
- Ethereum is up 0.19% today to $3,392.98.
What we are reading
The next UK government must act quickly to regulate (and retain) crypto companies – Coin table
‘Boring’ Bitcoin Sends Weekend Trading Volume to All-Time Lows – Bloomberg
Europe’s stablecoin laws are in place – here are six key concerns as MiCA launches – DL News