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Number of Crypto ATMs in constant growth amid "Crypto Winter"

The number of new ATM cryptogens worldwide continues to grow despite the recent collapse of the encrypted market, according to data. The Crypto teller Coin ATM Radar locator presented the data in a report published on Monday 10 December.

Information on the Coin ATM Radar shows that in November several ATM manufacturers opened 209 cashiers worldwide and 68 of those previously installed were closed. The net growth of 141 ATMs is approximately the same as in October, when the total amount reached 150.

The United States remains the dominant country with 70 new machines installed; at the end of the year, 2,243 cryptographic ATMs are currently installed. Austria and Canada are next on the list, with 17 and 16 automatic counters installed respectively.

Furthermore, three countries – Peru, Albania and South Korea – had their first ATM cryptographic facilities in November. The first two ATMs were created by General Bytes, one of the largest ATM manufacturers of Bitcoin based in Prague, while South Korea received a cash machine from the local manufacturer DOBI ATM.

General Bytes has installed the largest number of ATMs in the world (80), followed by the US producer Genesis Coin (36) and Lamassu Bitcoin Ventures (12).

In November, the number of altcoins accepted at ATMs increased by 59%. Bitcoin (BTC) was accepted by the largest number of ATMs, with 4,042 machines worldwide accepting the top crypto.

As reported by Cointelegraph in November, developers of the first Indian Bitcoin ATM – also co-founders of the Unocoin crypto exchange – were arrested in the city of Bangalore for criminal charges, including criminal crime, cheating and counterfeiting.

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