Bitcoin ATMs surge by 87% in past year to surpass 10,000 globally

The total number of Bitcoin ATMs has now exceeded 10,000 worldwide.

According to Norwegian financial services company AksjeBloggen, the number of Bitcoin ATMs (BTMs) jumped 87% last year compared to 5336 in September 2019. Almost 3,900 new ATMs were added in 2020 alone. CoinATMRadar monitoring resource shows There are currently 10,014 ATMs in 71 countries where users can buy and sell Bitcoin (BTC) and Altcoins for cash.

"In 2020 the number of ATMs that support digital coins has increased significantly," says the AksjeBloggen report.

"3,885 new BTMs (opened) worldwide between January and September, a 67% increase in nine months."

Currently, the US leads the world with more than 7,800 BTM. Canada ranks second with 869 machines. Depending on the device, crypto holders can buy and withdraw important cryptocurrencies such as Bitcoin Cash (BCH), Ether (ETH), Dash (DASH), Litecoin (LTC), Zcash (ZEC), Monero (XMR), Dogecoin (DOGE). Tether (USDT) and XRP.

However, acceptance is not growing everywhere. The data from CoinATMRadar shows that Austria was one of the few countries that has seen negative installation growth since 2019. The country currently has 149 BTMs, up from 244 in September 2019.

CoinATMRadar

Source: CoinATMRadar

The decline could be related to the regulatory atmosphere, with new regulations in neighboring Germany, which only has 27 BTMs. Machine owners must now obtain a license from the state's financial supervisory authority, BaFin, in order to be able to work. German companies can be held liable for unlicensed Bitcoin ATMs on their property, regardless of who they belong to.



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