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Global Bitcoin ATM Installations Decline For The First Time

According to data from CoinATMRadar ,global Bitcoin ATM installations decreased for the first time in a decade by 11%.

Key Takeaways

  • Total installed Bitcoin ATMs went from 37,827 on January 1, 2023, to 33,622 on January 1, 2024.
  • The U.S. experienced a decline from 32,672 to 27,621 Bitcoin ATMs in 2023, accounting for 82% of the global total.
  • This is the first ever recorded year-over-year decline in the number of U.S. Bitcoin ATMs.
  • The EU saw a slight increase with 10 new installations, totaling 1,548 Bitcoin ATMs in 2024.

Countries like Canada, Australia, Spain, and Poland also witnessed an increase in Bitcoin ATM installations while Switzerland saw a decrease.

Lightning Network Adoption Growth

Some regions, including Argentina and El Salvador, saw Bitcoin adoption growth through Lightning Network-enabled Bitcoin ATMs. The peak for worldwide Bitcoin ATM installations was in August 2022 with 39,376 machines.

According to CoinATMRadar, Bitcoin Depot is the largest Bitcoin ATM operator with 6,311 machines. General Bytes is the leading Bitcoin ATM manufacturer with 10,844 machines, holding a 32.3% market share, followed by Genesis Coin with 7,683 machines and a 22.9% market share.

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