Crypto ATM installs declined in 2023, but a post-halving Bitcoin price growth spurt should see the space rebound, says Bitcoin Depot CEO Brandon Mintz.
CoinATMRadar News
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Fifteen years after the first block of Bitcoin was mined, the original cryptocurrency has battled critics, haters and agitators, and emerged victorious - and is now ranked as one of the top ten most valuable assets in the world.
20880For nearly a decade, the number of crypto ATMs had steadily increased without fail, but something flipped in late 2022.
4349Athena Bitcoin plans to integrate the Lightning Network into 100 of its machines in the next couple of months.
3635A new legislative investigation found some crypto ATMs charging a premium as high as 33%, while a few ATMs had limits of up to $50,000.
12807While Hong Kong grabbed the top spot with a crypto readiness score of 8.36, the United States fell down a spot to third place after recording a fall of 6.5% in its CRS score — from 7.7 in 2022 to 7.25.
5545Bitcoin Depot records $197.5 million in revenue in the second quarter of 2023, spurred on by partnerships with various U.S. retail stores.
21432The FCA and other law enforcement agencies investigated 36 crypto ATM locations using powers under money laundering regulations.
5107In the first four months of 2023, net crypto ATMs worldwide declined by 5,850.
9397Asia, which includes major economies such as China, Japan, Singapore and India, hosts 355 crypto machines, representing 1% of the total crypto ATMs installed worldwide.
10834With 3,627 crypto ATMs going down last month, March 2023 becomes the month with the largest monthly decline of crypto ATMs.
19913Between December 2020 and January 2022, more than 1,000 crypto and Bitcoin ATMs were installed each month.
9346The software conversion of the crypto ATMs, which vertically integrates Bitcoin Depot’s hardware and software, eliminates annual software licensing fees.
8755Australia now has 234 crypto ATMs, which puts the country in the third spot globally, overtaking Spain.
12942Over the last six months, between July to the end of 2022, just 94 Bitcoin ATMs were added to the global network.
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