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Cryptopolitan 2025-01-06 19:58:49

Global Bitcoin ATM installations surge, with the US holding 81% market share

The year 2024 saw increased BTC activities, with Bitcoin ATM installation surging globally. The United States continues its dominance in the Bitcoin ATM market, controlling 81% of these ATMs. Over the year, 2,217 more Bitcoin ATMs were installed globally, accounting for a 6.02% year-over-year growth. So far, the world has 38,768 of these ATMs as of January 2025. Out of these, 31,505 BTC ATM machines are installed in the American Market. The recorded growth doesn’t constitute an all-time high. By the close of 2022, there were 39,954 such machines . The number of Bitcoin ATMs fell to 33,076 in July 2023. Last year was very rewarding for crypto lovers. The entire ecosystem saw positive sentiments as US regulators approved several spot BTC and ETH exchange-traded funds (ETFs). Besides, the American presidential campaigns gave crypto the much-needed publicity, as both candidates had a stand around it. Eventually, the US settled on the most crypto-friendly president. Europe Bitcoin ATM growth is steady and consistent Although Europe controls a small market share of Bitcoin ATMs, it is the only major region with consistent growth in the number of Bitcoin ATMs. Most regions, including the US, experienced a drop in BTC ATMs during the crypto winter, but Europe was the opposite. The numbers kept growing, albeit slowly but precisely. The trend was sustained, and in 2024, the continent added 116 new ATMs. The growth might sound insignificant, but it is an almost 7.5% year-over-year increase, which has improved Europe’s global market share from 4.23% to 4.29%. This has eaten into the dominant US market, which fell from 83.2% at the start of 2024 to 81.27% at the start of 2025. BTC ATM growth went narrow from Q2 2024 Although Bitcoin ATMs saw growth in 2024, most of it happened up to Q2. The bull market in the second half of the year never impacted the installation of BTC ATMs. The bull run saw most digital assets, including BTC, hit all-time highs. The data indicates that by late April 2024, 1,942 new Bitcoin ATMs had been installed, translating to 485 machines monthly from January to April. Conversely, the numbers took a serious dive to 34 new BTC ATMs per month between May and December. Land a High-Paying Web3 Job in 90 Days: The Ultimate Roadmap