Bitcoin ATMs Installed in 2022 Three Times Lower Than in 2021: Crypto Presales Report

The number of automated teller machines (ATMs) for Bitcoin (BTC) and other cryptocurrencies that have been deployed in the first eleven months of 2022 has decreased to 6,100, or nearly three times that of the same time last year, according to data gathered by Crypto Presales.

In contrast to the sharp surge in new installations that was observed in 2021, there appears to be a reduction in the number of newly installed ATMs.

According to the Crypto Presales report, with nearly 20,300 new machines installed, 2021 saw by far the most installations of Bitcoin and cryptocurrency ATMs. The overall number of these ATMs reached 32,600 thanks to the high number of new installations that year.

In contrast, 2022 has been characterized by bears, the demise of Terra LUNA, UST, and most recently, FTX, and has seen a decrease in the number of ATMs deployed for the first time. According to the report:

“By mid-2022, there were around 37,800 crypto ATMs worldwide. The number continued rising and hit over 38,800 in August. However, in September, the number of BTMs dropped for the first time, with the total number of machines slipping to 38,400.”

Nevertheless, the research showed that the total number of installed ATMs has since increased and was estimated to be around 39,000 by mid-November 2022.

North America Home to Most Bitcoin ATMs

According to the statistics gathered by Crypto Presales, in 2022, the United States would be home to 90% of all installed cryptocurrency and Bitcoin ATMs. In the top ten list of nations with the most crypto-dispensing machines, Canada, with its 2,688 installed ATMs, is ranked second. Less than 300 ATMs are present in the other top 10 nations.

According to the research, which uses information from Coin ATM Radar, 82% of all installed machines support alternative currencies. Only 39% of the ATMs support Dogecoin, while 73% to 80% of them support Ethereum.

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