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The number of bitcoin ATM positions is constantly increasing. Nearly 9,000 bitcoin ATMs have been installed around the world. The United States is the country with the largest number of bitcoin ATMs, followed by Canada and the United Kingdom.
Nearly 9,000 Bitcoin ATMs
There are currently 8,947 cryptocurrency ATMs and 211,239 non-ATM locations where you can buy or sell cryptocurrencies in 71 countries, according to cryptocurrency ATM tracking website Coinatmradar. In July, the number of encrypted ATMs jumped from 8,490 to 8,919, the site revealed on Monday. While there were 544 new bitcoin ATMs, 115 machines were closed during the month, leaving a net growth of 429 machines.
The United States continues to lead the number of bitcoin ATMs (BTMs). As of this writing, there are 6,879 cars in the United States, most of which are located in Los Angeles, Chicago, Miami, Houston, Dallas, and Atlanta. Canada ranks second with 816 bitcoin ATM locations, most of which are located in Toronto, Montreal and Vancouver. According to Coinatmradar, other countries with more than 50 bitcoin ATM positions include the UK, Austria, Switzerland, Spain, Germany, the Czech Republic, Poland, and Italy.
There are currently 43 producers and 554 operators. The company that produced 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 ATMs 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 US government crackdown when a $ 25 million operation was halted and 17 machines seized in California. The owner was carrying out the operation without meeting proper anti-money laundering requirements, the Justice Department said.
In June, news.Bitcoin.com reported that US regulators had targeted bitcoin ATMs. According to blockchain analytics firm Ciphertrace, 88% of the funds that US-based BTMs sent to exchanges in 2019 were sent offshore, and users on average sent more funds to high-risk exchanges than exchanges to low risk.
What do you think of 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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