The variety of bitcoin ATM places has been increasing steadily. Nearly 9,000 bitcoin ATMs are installed worldwide. The U.S. leads as the nation with the biggest number of bitcoin ATMs, followed by Canada and the Uk.
Almost 9,000 Bitcoin ATMs
There are now 8,947 cryptocurrency ATMs and 211,239 non-ATM places you’ll be able to purchase or sell cryptocurrencies at around 71 states, based on cryptocurrency ATM tracking site Coinatmradar. Back in July, the amount of crypto ATMs climbed in 8,490 to 8,919, the website revealed Monday. While you will find 544 brand new bitcoin ATMs, 115 machines have been closed down throughout the month, leaving a net expansion of 429 machines.
The U.S. has been lead in the amount of bitcoin ATMs (BTMs). In the time of this writing, there are 6,879 machines at the U.S., the majority of which are situated at Los Angeles, Chicago, Miami, Houston, Dallas, and Atlanta. Canada comes next with 816 bitcoin ATM places, the majority of which are situated in Toronto, Montreal, and Vancouver. Based on Coinatmradar, other nations with over 50 bitcoin ATM places comprise the UK., Austria, Switzerland, Spain, Germany, the Czech Republic, Poland, and Italy.
There are now 43 manufacturers and 554 operators. The company which has manufactured the most bitcoin ATMs is Genesis Coin with 3,101 machines at the end of July, an increase of 157 machines during the month. The second-largest manufacturer is General Bytes with 2,661 machines, 103 of which were added in July. Coinsource also added 56 bitcoin ATM machines last month.
The bitcoin ATM operator with the most machines is Bitcoin Depot, which has 791 machines, 46 of which were added in July. The second-largest operator is Rockitcoin with 436 machines, followed by ATM Coiners, Coincloud, Coinflip, and Coinsource.
Bitcoin ATMs were the focus of a recent crackdown by the U)S. government when a $25 million operation was taken down and 17 machines seized in California. The owner was running the operation without complying with proper AML requirements, the Department of Justice said.
In June, news.Fintech Zoom reported that U.S. regulators had been targeting bitcoin ATMs. According to blockchain analytics firm Ciphertrace, 88% of funds that U.S.-based BTMs sent to exchanges in 2019 were sent offshore and users on average sent more funds to high-risk exchanges than low-risk exchanges.
What do you think about the growing number of bitcoin ATMs? Let us know in the comments section below.
Image Credits: Shutterstock, Pixabay, Wiki Commons, Coinatmradar.com
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