CoinATMRadar News

Australia now has 234 crypto ATMs, which puts the country in the third spot globally, overtaking Spain.

Over the last six months, between July to the end of 2022, just 94 Bitcoin ATMs were added to the global network.

El Salvador’s position as the fourth-largest crypto ATM hub was short-lived as Australia stepped up its game over the following months.

Spain currently hosts 215 crypto ATMs, pushing El Salvador — home to 212 — down to the fourth position after surpassing the country by three ATMs.

Data on net changes of crypto ATM installations confirm that, in September, 796 crypto ATMs were pulled off from the global network.

Market research forecasts the global cryptocurrency ATM market to be worth $472 million by 2027, driven by growth in developing markets and growing adoption.

It will be up to the specific ATM operator to decide whether they want to incorporate the service making it unlikely all 175,000 of Hyosung’s ATMs will actually support BTC buying.

With China out of the competition, the U.S. picked up the slack to become the highest BTC hash rate contributor — representing 37.84% of the total mining power by Jan 2022.

Halfway through 2022, the BTC ATM installation numbers dropped 89.75% by May, followed by a swift recovery in June.

Since January, Bitcoin ATM installations have seen a gradual slowdown, eventually falling 89.75% from December 2021’s 1,971 new installations.

The evident reduction in the installation of crypto ATMs could result from the regulators' hesitance to adopt the Bitcoin ecosystem.

Following a successful Bitcoin ATM pilot by Europe’s largest electronics retailer, 12 new Bitcoin ATMs are coming to Austria’s MediaMarkt stores.

The financial watchdog in the U.K. has declared that all non-registered ATMs must be immediately closed down or be subject to undisclosed additional action.

In the first two months of 2022, 1,817 crypto ATMs have been installed worldwide. Last year saw 2,435 crypto ATMs installations in the same time window.

The move is part of a broader effort by the Singaporean watchdog to regulate advertising cryptocurrency to the public.