Crypto ATM Market Size, Share, Growth Analysis, By Offering(Hardware and Software), By Type(One Way and Two Way), By Coin(Bitcoin (BTC), Litecoin, Ethereum (ETH), Dogecoin), By Region - Industry Forecast 2024-2031

In 2021, North America dominated the crypto ATM market with a revenue share of around 45%. In 2021, the United States was the world's most "crypto-ready" country that received a score of 7.3 out of 10 in the Crypto Head ranking, owing to the availability of Bitcoin, Dogecoin, and other cryptocurrencies and an extensive and expanding crypto ATM network. In 2021, there were 17,436 crypto ATMs around the country.

Canada holds 1,464 cryptocurrency ATMs, while the United Kingdom is third with 200. Aside from that, the presence of major market players, including Bitcoin Depot, Coin Cloud, and CoinFlip, are based in North America, contributing to the region's growth. Furthermore, the use of crypto ATMs in public locations is gaining steam in North America, particularly in the United States. The city of Williston in the United States state of North Dakota, for instance, announced the installation of a crypto ATM at the Williston International Airport in November 2021. Passengers would be able to buy and sell digital currencies at the airport using the crypto ATM.

Over the projection period (2020-2027), the Asia Pacific region is predicted to be the fastest-growing regional market. The continued installation of two-way crypto ATMs in Asia Pacific nations such as the Philippines is likely to boost regional market growth during the forecast period. The proliferation of smartphones, as well as the continuous implementation of 5G technology, are likely to create prospects for regional market growth. Crypto ATMs are frequently used by businesses in the Asia Pacific to streamline operations and improve customer experiences.