Bitcoin ATMs have seen significant expansion across the globe in 2024, with their numbers increasing by 6%. This reflects the growing global acceptance of cryptocurrencies in everyday financial transactions. This growth contributes to simplifying the buying and selling processes of Bitcoin and other digital currencies, directly aiding in the further integration of these currencies into financial activities.
According to data provided by Coin ATM Radar, the number of cryptocurrency ATMs surpassed 37,500 in over 70 countries worldwide. In 2024, there was a 6% increase in the number of these machines, bringing the total to 38,768 globally. This rapid growth reflects a notable increase in demand for the use of Bitcoin and cryptocurrencies across various markets.
The United States leads the global market for cryptocurrency ATMs, holding over 81% of the global market share. As of January 13, 2024, the number of Bitcoin ATMs in the United States exceeded 31,500, with an increase of over 1,000 machines compared to the beginning of the year. This rise underscores the growing use of Bitcoin as a key financial tool in various everyday financial activities in America.
In Europe, the region added around 116 new machines in 2024, representing a 7.5% increase compared to the previous year. Despite the challenges facing cryptocurrencies due to price volatility, the increasing usage of these machines in numerous European countries indicates ongoing significant interest in digital currencies and their expanding application in global financial systems.
This substantial expansion in Bitcoin and cryptocurrency ATMs around the world shows that these digital currencies have become an integral part of the traditional financial system, enhancing their potential use in daily transactions.
