Bitcoin ATM installations flatline as crypto winter bites

Quick Take

  • The number of Bitcoin ATMs globally has largely remained flat over the last six months.
  • While that’s mostly due to stagnation in the U.S. market, there’s some growth in other countries.

The growth of new bitcoin ATMs globally has essentially flatlined, with little progress since July 2022 — when bitcoin collapsed from all-time highs and fell as low as $23,000.

The number of bitcoin ATMs around the world is now 38,641, according to Coin ATM Rader. Although that’s up from 14,051 at the start of 2021, there has been little growth since the crypto market collapsed last year. 

The number of Bitcoin ATMs around the world. Image: Coin ATM Radar.


Keep up with the latest news, trends, charts and views on crypto and DeFi with a new biweekly newsletter from The Block's Frank Chaparro

By signing-up you agree to our Terms of Service and Privacy Policy
By signing-up you agree to our Terms of Service and Privacy Policy

While the majority of ATMs are in the U.S., where growth has subsided, a few other countries are still seeing some increases. There are 100 more ATMs in Europe since the start of last year, 430 more in Canada, 50 in Spain, 30 in Poland and 190 in Australia.

© 2023 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

About Author

Tim is the Editor-In-Chief of The Block. Prior to joining The Block, Tim was a news editor at Decrypt. He has earned a bachelor's degree in philosophy from the University of York and studied news journalism at Press Association Training. Follow him on X @Timccopeland.


To contact the editor of this story:
Andrew Rummer at
[email protected]