15.4% Downfall In Bitcoin ATM Numbers In America In 2023: CoinRadar

In the last 12 months, the net number of Bitcoin ATMs (kiosks) shrank by nearly 11% and this figure is very big in the US States. 

Bitcoin ATMs allow people to buy, sell, & cash out Bitcoin easily, more similar to fiat ATMs/kiosks. The first Bitcoin ATM was installed in 2013 in Canada and within one week that Kiosk saw transactions of $100,000 worth of Bitcoin. 

According to data available at CoinATMRadar, there are a total of 33,628 Bitcoin ATMs in the whole world. This number was 37,827 on 1 Jan 2023, which means the net number of Bitcoin ATMs shrank by 11% in the 12 months. 

15.4% downfall in Bitcoin ATM numbers in America in 2023: CoinRadar 1
Source: Coin ATM Radar

The all-time high Bitcoin ATMs number was in Aug 2022, a total of 39,376 ATMs globally. 

The downfall in the number of crypto ATMs was expected across the US States because of the hostile environment for the crypto companies to run business in the US jurisdiction. 

In 2023, the total number of Bitcoin ATMs fell 15.4% from 32,672 to 27,631. Despite this big downfall in the total no. of Bitcoin ATM kiosks, the US is still in the top position which hosts nearly 84% of the total Bitcoin ATMs available globally. 

Notebely the net Bitcoin ATM kiosks surged in Australia, Canada, Spain and Poland. 

Crypto 2024 & Expectations

2022 & 2023 were a very bad year for this innovative sector because in that phase many crypto projects & platforms collapsed badly. 

Additional regulatory actions against the crypto companies by the regulatory bodies in the US jurisdiction played a vital role in degrading the confidence of the crypto companies to expand their business. 

See also  ECB not convinced by ETF approval in the US, still dislikes Bitcoin

In the past couple of years, many crypto & non-crypto companies laid off a big-strength workforce citing a bad economic situation. 

But now the whole situation is changing drastically and we can see that companies are now again hiring employees in big numbers. 

Experts believe that the US presidential election 2024 will bring a Bitcoin-friendly president for America and that president will help to develop a proper set of rules and laws for this innovative sector so that crypto companies can do their business with full freedom without facing any lawsuit action.

Read also: Orbit Chain suffers hack attack, lost $82M 

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