As could be expected given the performance of the cryptocurrency market, 2024 witnessed the number of Bitcoin (BTC) ATMs surge upward toward their old all-time highs.
Specifically, Finbold research found that more than 2,200 new BTC ATMs were installed in the 366 days worldwide over the year, with the United States gaining the most – nearly 1,100 – and keeping the majority of the market share at 81.27%.
Despite being relatively small in absolute terms, Europe was also impressive as it continued its unique trend of expanding cryptocurrency infrastructure no matter the state of the market.
The continent, which saw a rise in BTC ATMs even during the ‘crypto winter,’ added 116 machines in 2024 and grew its market share to 4.29%.
Data reveals a surprising slowdown in the second half of 2024
Perhaps the most surprising facet of the rise in the number of Bitcoin ATMs in 2024 is just how lopsided the installations were.
As Andreja Stojanovic, a co-author of the research, noted:
“By late April, there were 1,942 new BTC ATMs worldwide. This means that between January and April, an average of 485 machines were installed monthly. Between May and December, however, the number collapsed to 34. Notably, almost half of the new ATMs added were in the USA. Yet the market share of new ATMs globally saw a decline in the USA, showing more adoption in other markets, like the EU.”
Still, the discrepancy between the first four and the last eight months of 2024 did not lead to a complete halt in installations, and with the latest trends in mind, 2025 appears poised to see the addition of at least 1,100 new Bitcoin ATMs.
Read the full story with statistics at: https://finbold.com/over-2000-