- According to the data from CoinATMRadar, the total number of Bitcoin ATMs installed over time fell to 37,980 in September from an all-time high of 38,776 ATMs in August, resulting in a drop of -2.05%.
- In September, 796 of such ATMs were pulled off the global network marking negative growth in global net installations for the first time in history.
Data on net changes of cryptocurrency ATM installations confirm that in September, 796 of such ATMs were pulled off the global network marking negative growth in global net installations for the first time in history.
The sudden reduction in the cryptocurrency ATM installations is primarily driven by a slowdown in the United States with a reduction of 825 ATMs but is also a reflection of diminished appetite for digital assets, risk aversion and a soaring dollar.
Regulatory uncertainty has also led to a sharp decline in cryptocurrency ATM installations.
According to the data from CoinATMRadar, the total number of Bitcoin ATMs installed over time fell to 37,980 in September from an all-time high of 38,776 ATMs in August, resulting in a drop of -2.05%.
However, Europe, Canada and a few other jurisdictions cushioned the downfall with new installations locally.
Most recently, Japan decided to reintroduce cryptocurrency ATMs after they were banned in 2014, a move which is being spearheaded by Japanese cryptocurrency exchange Gaia.
Gaia plans to set up 50 Bitcoin ATMs across Tokyo and Osaka by August 2023.
Rolling 60 day data suggests that nearly 14 cryptocurrency ATMs are being installed globally per day, with Genesis Coin representing a 40.3% share of ATMs among other manufacturers.
