Crypto ATMs Double in 2018, Averaging 6 New Installations Daily

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Crypto ATMs Double in 2018, Averaging 6 New Installations Daily

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Even though 2018 had largely seen prices sliding downwards, data from crypto analytics company Data Light indicates that crypto ATMs have had a good year. This year alone, the number of crypto ATMs have doubled to reach 4,000 in strength, averaging six new machines being installed per day.

The machines offer a variety of crypto coins and tokens. All of the 4,051 crypto ATMs (obviously) support bitcoin. Ethereum is available in nearly half of the machines, with Litecoin having more support with 2,421 machines. Dash is available on 729 machines. While Zcoin and DogeCoin are available at less than a hundred (67 and 79 respectively).

Another ATM statistics platform, Coin ATM Radar, has some interesting stats too. They have actually mapped a total of 4085 ATM machines spanning across 76 countries. The platform clearly shows that there are 1,258 crypto ATMs in the United States alone, with more than 1,000 of them supporting Bitcoin Cash. When it comes to the whole of North America, the number of ATMs jump to 3,157. Going down to South America, there are 65 machines.

The United Kingdom holds over 200 machines, while the rest of Europe hits 750. Australia comes in with a total of 54 crypto ATMs.

The rising number of crypto ATMs were installed primarily in the early days of 2018, when the cryptocurrency market was still strong and had not entered the downwards phase.

 

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