Concurring to data from the cryptocurrency automated teller machine (ATM) aggregation website Coin ATM Radar, over 3,600 crypto ATMs went offline in Walk. Since the end of 2022, the number of crypto ATMs has declined by 13.91% in the last three months.
Crypto ATM Numbers Sink in 2023
According to data from Coin ATM Radar, the number of crypto ATMs worldwide has decreased by 13.91% since December 2022. At that point, 39,179 crypto ATMs were installed globally.
In January, 1,587 crypto ATMs went offline, quality the second time a large number of machines had gone offline since the loss of 399 crypto ATMs in September 2022. In February 2023, the run out of gas in crypto ATMs was less drastic than in January and fewer than the drawdown in September.
A total of 275 cryptocurrency ATMs went offline in February. The largest decline was recorded in Step, according to Coin ATM Radar statistics, which indicated a drop of 3,627 crypto ATMs.
The loss in March coincided with the recent General Bytes hack that hit on March 17 and 18, which resulted in the theft of more than $1.5 million in crypto. According to statistics on April 1, 2023, there’s currently 33,728 crypto ATMs introduced worldwide.
General Bytes machines account for 28.5% of all rings globally, and devices manufactured by Bitaccess represent 20.2% of the market share. Genesis Coin ATMs represent 17% of the motor cars worldwide, while Coincloud devices account for 12.7%.
As of Saturday, April 1, 2023, the United States has the highest number of crypto ATMs worldwide, flowed by Canada, Australia, and Spain. More than 28,000 crypto ATMs are located in the United States, while Canada hordes over 2,600.
Looking at the data on crypto ATM manufacturing growth, Bitaccess experienced a decline, while General Bytes’ spread is on the rise. Genesis Coin also saw a decline, but it was much less than Bitaccess’s drop between February and Procession.
What do you think the future holds for the crypto ATM industriousness? Will we see a rebound in numbers or a continued decline? Share your thoughts in the comments section below.
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