2023-06-10 13:01:06
Finally, positive news is coming once more from the world of Bitcoin ATMs. According to the latest data from Coin ATM Radar in May their number has increased significantly worldwide. Now there are more than 35,000 of them in the world once more, which is a really big jump compared to the level of less than 34,000 in March. In April, for example, the number of Bitcoin ATMs reached a two-year low, as we closed the month with only 33,389 machines.
There has been a reversal in the trend of the number of Bitcoin ATMs
Of course, compared to previous data, we are nowhere, since in December 2022 there were more than 39,000 Bitcoin ATMs in the world. And despite the fact that the price of bitcoin started to rise, in March alone, for example, 3,600 machines were disconnected from the network. However, following the low flight from December to April, here is May, which pushed the numbers up. And if we look at the fact that even in the first days of June, the number of newly activated automatic machines is already over 300, we can hope that the trend will continue now.
Bitcoin ATM is a particularly popular option in some countries to sell and buy BTC for fiat money or even with a bank card. In addition, in most cases we do not even need KYC identification, so it is a particularly preferred option for many. The geographical distribution of Bitcoin ATMs has not changed for a long time. There are more than 30,000 ATMs installed in the United States alone, so almost 90% of all Bitcoin ATMs are located in the huge country. There are still a significant number of Bitcoin ATMs in Canada, but there are already 212 in El Salvador, for example. A fair number of vending machines are also available in Hungary, there are almost 50 on the network, most of them in Budapest.
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