Home / Coin Payment / Over 4,000 cryptocurrency distributors around the world, Bitcoin [BTC] and Litecoin [LTC] drive the ATM ride

Over 4,000 cryptocurrency distributors around the world, Bitcoin [BTC] and Litecoin [LTC] drive the ATM ride

The number of ATMs for cryptocurrency has increased. There are now over 4,000 ATMs worldwide and 1-2 cryptocurrency ATMs are opened every day. As of January 14, 2019, at present 4177 ATMs of cryptocurrency are installed.

According to Coinatmradar, Bitcoin and Litecoin lead the rush to ATMs. 99% ATMs support Bitcoin, while Litecoin comes second, supported by 60% of ATMs. Ethereum arrives at number 3, followed by Bitcoin Cash and DASH.

ATM cryptocurrency growth. Source: Coinatmradar

In terms of the country with the highest number of ATM cryptocurrencies, the United States is leading the race with 2,485 ATMs followed by Canada with 699 ATMs. In the European region, Austria has the largest number of ATMs with cryptocurrency with 266 ATMs followed by the United Kingdom (211 ATM) and Spain (81 ATMs). In the Asian region, Hong Kong leads the race with 32 Bitcoin ATMs followed by Japan with 11 ATMs.

China and India are the only two main countries that do not have cryptocurrency ATMs. The buying and selling of cryptocurrencies are illegal in China, but the conservation and sale of cryptocurrency are still legal. Because of this cryptocurrency, mining is still possible in China.

In India it is still unclear whether cryptocurrencies are illegal or not. The founder of Unocoin was arrested in India for bringing the country's first cryptocurrency ATM, on the pretext that the cryptocurrency was illegal. The court annulled the arrest stating that the cryptocurrency is not illegal but there is a lack of regulations. It is known that Indian banks suddenly close the accounts of people who are trading in cryptocurrencies.

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