January 29, 2023

Australia Became 3rd Country Globally in Having Crypto ATMs

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Crypto ATMs

Australia became the third country globally in terms of the number of crypto ATMs following the United States and Canada, according to Coin Telegraph.

Australia was the fourth by the beginning of 2023, but after its installation of 16 new crypto ATMs over the past days, the country came in third place worldwide, increasing the total number to 234. It surpassed Spain which has 222 crypto ATMs, Coin Telegraph quoted data from Coinatmradar.

Over the past three months of 2022, the country installed 99 crypto ATMs. It deployed 16 new ATMs from January 1. While El Salvador, which came in fifth place, did not install any new crypto ATMs.

While El Salvador represents about 54% of all crypto ATMs in South America. There are 38,602 crypto ATMs around the world, out of which 6,071 ATMs were installed in 2022 alone, Coin Telegraph reported. El Salvador surpasses European countries like Switzerland and the United Kingdom in the number of crypto ATMs. Currently, El Salvador uses both Bitcoin and the US dollar as legal tender.

The total number of crypto ATMs in Australia, Spain and El Salvador does not equal the total number of ATMs in the US only, which is home to 33,387 crypto ATMs (86.9% of all the machines in the world). Besides Canada, which possesses 2,556, the two countries have a stunning 94.4% of all crypto ATMs.

Due to the bear market and global tension, only 94 Bitcoin ATMs were deployed between July to the end of 2022 to the global network, compared to 4,169 ATMs in the first five months of 2022.

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