US Dominates Bitcoin ATM World

The appearance of 229 new ATMs in October reaffirms the US leadership in the crypto ecosystem.

The latest report from Coin ATM Radar reveals that the United States added 229 new Bitcoin ATMs, reaching a total of 31,274 devices. This 0.7% growth during the month of October places the US as the leading country in Bitcoin ATM adoption, surpassing Australia and Italy, which recorded increases of 3.9% and 12.7% respectively.

Throughout 2024, the total number of Bitcoin ATMs grew from 36,542 to 38,800, representing a remarkable increase of 6.17% / Coin ATM Radar

Annual increase and international dominance

Throughout 2024, the total number of Bitcoin ATMs grew from 36,542 to 38,800, representing a remarkable increase of 6.17%. According to recent figures, the total number of ATMs worldwide increased from 38,001 to 38,307, with a net addition of 306 machines, or 0.8% growth.

Major Players in ATM Manufacturing

Among ATM manufacturers, Bitstop leads the list with an increase of 125 new devices, representing a growth of 5.6%. Genesis Coin and Lamassu follow, with 62 and 52 new installations, respectively. Competition in the ATM market is fierce, and Bitcoin adoption remains strong.

Manufacturer statistics for October:

Bitstop: 2,377 machines (+125)
Genesis Coin: 9,855 machines (+62)
Lamassu: 741 machines (+52)

Most active operators and support for other cryptocurrencies

The most prominent operator in October was Bitstop, with a total of 125 new machines, followed by Athena Bitcoin with 73 installations. In terms of the diversity of cryptocurrencies supported by ATMs, there was a slight drop in the percentage of ATMs offering alternative currencies, now at 60.3%. The most added cryptocurrencies include Dogecoin (101 additions), Ripple (87), and Litecoin (63).

The US dominance in Bitcoin ATM installations is undeniable. Amidst a bullish price environment for Bitcoin, which reached new highs in October, the adoption of Bitcoin and other cryptocurrencies continues to show significant momentum. This data, along with the adoption of altcoins, suggests an optimistic outlook for the future of the crypto ecosystem.

Disclaimer: The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry risks and thorough analysis is recommended before proceeding.