The Great Unplugging: Bitcoin ATMs Face Steepest Drop Since December 2024

CN
3 days ago

The once-expansive proliferation of crypto ATMs has plateaued in recent years, with 2022 marking the first annual contraction in their numbers. Subsequent reductions intensified in 2023, as January, March, and July each witnessed the elimination of thousands of these crypto-dispensing units.

Coinatmradar.com’s year-end figures further highlight a stark contraction: 1,462 machines vanished from global networks just before 2025 commenced. While January and February 2025 brought a cautious rebound, the trajectory remains far from the unchecked growth of prior years.

The Great Unplugging: Bitcoin ATMs Face Steepest Drop Since December 2024_aicoin_图1

Source: coinatmradar.com/charts/net-growth/

 

 

January ushered in 216 new bitcoin ATM installations, with February accelerating this momentum to 973 new units—a pattern abruptly inverted in March as 971 machines disappeared from global networks. A late-month correction on March 24 temporarily buoyed figures with 188 additions, offering a fleeting counterbalance to the downturn.

Global crypto ATM inventories now stand at 37,920, a notable retreat from the peak of 39,982 machines documented on December 2022, leaving current totals 2,062 units shy of that historic benchmark. The firm Bitcoin Depot reigns as the titan of crypto ATM operators, commanding a formidable 8,464 terminals—equivalent to 22.3% of the global total.

Coinflip trails in second place with 5,386 units, while Athena Bitcoin clinches third with 3,963 machines, solidifying its foothold in the sector. A staggering 99.92% of the 37,920 active terminals dispense bitcoin ( BTC), rendering its availability nearly universal.

The Great Unplugging: Bitcoin ATMs Face Steepest Drop Since December 2024_aicoin_图2

Source: coinatmradar.com/charts/cryptocurrency-share/

 

 

Though eclipsed by bitcoin’s dominance, litecoin ( LTC) carves out a notable 48.93% share of crypto ATMs, equating to roughly 18,555 terminals. Ethereum ( ETH), the silver medalist by market capitalization, claims a close 47.86% presence, its availability spanning 18,146 of the 37,920 global machines.

Coinatmradar.com data reveals the United States commands a commanding 78.8% share of operational crypto ATMs, with Canada hosting a distant 9.2%. Europe and Australia claim modest footholds, comprising 4.5% and 4.3% of the global network, respectively.

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