Share this article
Global Bitcoin ATM Numbers Sink to Lowest Level Since 2021
Since the end of last year, the number installed worldwide has dropped 7,000, or 17%.
Updated Oct 19, 2023, 3:15 p.m. Published Oct 19, 2023, 3:15 p.m.
The number of bitcoin ATMs installed worldwide sank to a two-year low this month, according to data from AltIndex.
Since the end of last year, the number installed has dropped 7,000, or 17%, to 32,500, AltIndex said on Wednesday. That follows an increase from 34,500 at end-2021.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The U.S., which hosts the largest number of machines, saw the biggest drop. There are now about 26,700 machines in the country. Still, the world's largest economy still has almost 18 times the number installed across the whole of Europe, which hosts some 1,500.
AltIndex attributes the decline to controversies about their potentially criminal use. For example, scammers may advertise goods for sale on sites like eBay, ask buyers to deposit funds into a specific bitcoin wallet through ATM, and then vanish.
Brandon Mintz, the CEO and founder of publicly traded bitcoin ATM operator Bitcoin Depot (BTM) said the trend is due to some operators turning off unprofitable ATMs or going out of business altogether.
"This creates an opportunity for us that allows us to further increase market share through acquisitions and organic kiosk growth in additional retail locations,” he told CoinDesk in an emailed statement.
Read More: CEO of World's Largest Bitcoin ATM Operator Sees Industry Ripe for Consolidation
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Standard Chartered, Coinbase Expand Crypto Prime Services for Institutions
The companies will explore the development of trading, prime services, custody, staking and lending solutions for institutional clients.
What to know:
- The enhanced partnership builds on the existing tie-up between Standard Chartered and Coinbase in Singapore.
- Standard Chartered provides banking connectivity that enables real-time Singapore dollar transfers for Coinbase’s customers.
Top Stories
