Crypto ATM Update
For nearly ten years, the count of crypto ATMs had been on a steady upward trajectory. However, a significant shift occurred in late 2022 when this trend suddenly reversed course. The global count of Bitcoin ATMs, which had been consistently increasing at the start of each year, saw a decline of approximately 11.1% at the beginning of 2023.
As of January 1, 2024, the worldwide count of crypto ATMs stood at 33,628, marking a decrease from the 37,827 recorded on January 1, 2023. Throughout 2023, the total number of Bitcoin ATMs fluctuated, ultimately experiencing a decline.
Since tracking began in 2013, Bitcoin ATMs had shown month-over-month growth, reaching a peak of 39,376 in August 2022. However, this growth trajectory started to falter, notably in the United States, where there was a 15.4% reduction. Nevertheless, the U.S. still maintained its position as the host to 82% of global crypto ATMs.
Meanwhile, Australia and other countries like Canada, continued to see an increase in the number of crypto ATMs. Crypto Tax Calculator Australia provides anyone who wants to pay the appropriate taxes on their digital currency transactions with a user-friendly tool that delivers accurate results.
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