Almost 5 New Cryptocurrency ATMs Installed Every Day in 2018, Data Shows

By Anne W. | January 12, 2019
Almost 5 New Cryptocurrency ATMs Installed Every Day in 2018, Data Shows.

Despite the persistently bearish market action, the current rate of growth is 4.9 new ATMs installed each day, according to Coin ATM Radar’s gauge scale.

According to Data Light, there has been a massive upward trend in the installation of cryptocurrency ATM machines in 2018. While the vast majority of the 4167 crypto ATMs worldwide support Bitcoin (BTC) — 99.9 percent, or 4,162 — 64.6 percent support one or more altcoins, with Ethereum is available at almost half the machines and Litecoin is available at 2,421.

Greater crypto adoption doesn’t revolve solely around the top two or three cryptocurrencies. Dash is also available across 729 machines. Other cryptos such as Zcash, Dogecoin, and Monero are also no slouch in the crypto ATM stakes, coming in with 67, 79, and 128 machines respectively.

According to data from industry statistics aggregator Coin ATM Radar, 71.8 percent of all crypto ATMs worldwide are located in North America — 56 percent in the United States and 15 percent in Canada — 23 percent are in Europe, and 2.6 percent in Asia. 1.3 and 1.1 percent are in Oceania and South America respectively, and just 0.2 percent are located in Africa.

Within Asia, Hong Kong has the lion’s share of ATMs — accounting for 0.8 percent of machines worldwide — while in Europe it is Austria (6.4 percent), closely followed by the United Kingdom (4.8 percent).

The vast increase in cryptocurrency ATM machines in 2018 proves that wider crypto adoption and availability are being offered to the masses, facilitating the near future where cryptocurrencies are a commonplace.

Tags: , , , ,