Leading the pack are the United States and Canada, who have long been the frontrunners in this field. The United States achieved the milestone of hosting the first 1,000 crypto ATMs back in November 2017, while Canada reached this feat only in January 2021. Currently, the United States boasts a staggering 31,170 devices, making up 82.8% of the global count, with its neighbor Canada accounting for 7.8% and 2,918 devices.
Historically, Australia was never considered an active market for crypto ATMs. However, the tides have shifted in recent years, and the country has seen a significant increase in the implementation of these devices since the end of 2022. This growth has propelled Australia past major Asian countries such as China, Japan, Singapore, and India in terms of the number of installed crypto ATMs.
With the current pace of development, Australia has the potential to surpass Europe, which currently accounts for 4.3% of the global total with 1,617 active devices. Additionally, other countries seeing a surge in popularity for crypto ATMs include Spain (261 devices), El Salvador (215 devices), Poland (211 devices), Germany (194 devices), and Hong Kong (157 devices), as noted by Coin ATM Radar analysts.
The CEO of Bitcoin Depot, Brandon Mintz, recently predicted a sharp increase in the number of crypto ATMs globally, especially after the Bitcoin halving event. This rise in demand for the first cryptocurrency may prompt more companies, like Bitcoin Depot, to expand their crypto ATM networks worldwide. In fact, Bitcoin Depot has already expressed its readiness to deploy its network in Australia, further fueling the growth of the country’s crypto ATM market.