Since January, Bitcoin ATM installations have seen a gradual slowdown, eventually falling 89.75% from December 2021’s 1,971 new installations.
Bitcoin (BTC) ATM installations across the globe have seen a steep decline throughout the year 2022, with could recording simply 202 new BTC ATMs, a variety last seen 3 years ago in 2019.
Since January, Bitcoin ATM installations saw a gradual slowdown, eventually falling down 89.75% from December 2021’s 1,971 new installations. However, knowledge from Coin ATM radar reveals a noticeable comeback within the installation numbers, because the world saw 817 Bitcoin ATMs put in in June — in just the first 5 days.
Some of the key factors contributing to the slowdown of crypto ATM installations include politics tensions across the world, unclear or anti-crypto rules, market saturation and business impact due to the ongoing coronavirus pandemic.
Coin ATM Radar’s knowledge confirms that the us is home to 87.9% of the full 37,826 crypto ATMs worldwide. Europe homes a network of 1,419 ATMs, representing 3.8% of the world ATM installations.
Crypto ATM manufacturer Genesis Coin maintains its position as the leader in terms of the market share, representing forty first of the whole operational crypto ATMs across the world. other manufacturers with prominent market share embrace General Bytes (21.6%), Bitaccess (16%), Coinsource (5.4%) and Bitstop (4.7%).
( Arijit Sarkar, Cointelegraph, 2022 )