Crypto ATM Market

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

Report ID: SQMIG45A2044 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 91 | Figures: 76

Crypto ATM Market News

  • In September 2021, Bitcoin Depot announced that it has reached a new milestone, with the company currently operating over 5,000 Bitcoin ATMs across the United States and Canada. In the last six months, the firm has tripled its kiosk count as it continues to provide rapid and secure access to bitcoin transactions for communities across North America, particularly the underbanked.     
  • In June 2021, Coinsource, reported a quick expansion in Washington State, reaching a new high of 40 kiosk locations. Coinsource is the state's main Bitcoin ATM provider, and it is now present in 44 states across the country.
  • In April 2021, RockItCoin, announced the installation of its 1,000th Crypto ATM at the well-known University Village 76 gas station in Seattle, WA. RockItCoin ATMs offer a quick, easy, and secure alternative for anyone to invest in cryptocurrencies, regardless of whether they have a formal bank or cryptocurrency account.
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FAQs

Global Crypto ATM Market size was valued at USD 71.9 million in 2022 and is poised to grow from USD 116.7 million in 2023 to USD 5451 million by 2031, growing at a CAGR of 62.5% in the forecast period (2024-2031).

The majority of countries are investing in companies for Crypto ATMs in order to accelerate the expansion of cryptocurrency exchange. These firms are receiving millions of dollars in venture capital funding, demonstrating that the market for cryptocurrency ATMs will expand tremendously in the upcoming years. Furthermore, investors are interested in investing in these firms because crypto ATMs are a solid source of profit and hence have a larger return on investment. 'General Bytes', 'Genesis Coin ', 'Bitaccess', 'Lamassu', 'Coinsource', 'Bitstop', 'Chainbytes', 'ByteFederal', 'Cryptocurrency ATM', 'CryptoGo', 'Cryptospace', 'DCoin', 'Coin Cloud', 'CoinFlip', 'CoinOutlet', 'RockItCoin', 'Shitcoins Club', 'Bitcoin Depot', 'Bitcoin of America', 'Vault Logic'

Several businesses are attempting to offer cryptocurrency ATM services to their consumers as part of their efforts to digitalize their offerings while improving customer experiences. For instance, in October 2021, Walmart announced a collaboration with Coinstar, a coin-cashing machine firm, and Coinme, a cryptocurrency exchange provider. Walmart intends to put 200 bitcoin ATMs in its stores across the United States as part of the collaboration.

The restaurant and other hospitality spaces dominated the market in 2021, accounting for more than 33% of total sales. The installation of bitcoin ATMs at nightclubs throughout the world is growing in popularity. For instance, in November 2021, Bitcoin of America announced the construction of a bitcoin ATM in Chicago's Joy District, Illinois. Customers can buy bitcoins or withdraw cash from the ATM. The installation of the crypto ATM was meant to increase bitcoin awareness among people across the United States.

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.

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Crypto ATM Market

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