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© Reuters The number of Bitcoin ATMs increases by 543% from 2020 in a bear market More than 4,200 BTC ATMs were installed worldwide in 2022. The United States led other countries by an overwhelming margin with 33,947 ATMs in total. billion market in eight years.
Data shows that despite the significant turmoil that rocked the crypto market in 2022, the number of new Automated Teller Machine (ATM) (BTC) installations increased remarkably.
According to CoinATM Radar, more than 4,200 BTC ATMs have been installed worldwide, bringing the total figure to 38,602, with the United States leading the other countries by an overwhelming margin. The CoinATM radar record also noted that the largest year-over-year increase occurred between January 2021 and January 2022.
At the start of 2021, there were 14,072 BTC ATMs, but as of January 1, 2022, that number had jumped 244% to 34,358. Notably, there were only 6,362 BTC ATMs at the start of 2020.
The United States has BTC ATMs installed in 33,947 locations, while Canada came in second with 2,649 locations. Interestingly, although Bitcoin will be legal tender in 2021, Bitcoin-friendly country El Salvador only has BTC ATMs in 212 cities.
According to a recent publication by Grand View Research, a market intelligence firm, the crypto ATM market could be worth more than $5 billion by 2030. The company also cited a survey conducted by Bitstamp in 2022, who ind…
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