Total of 686 Bitcoin ATMs were installed around the world in March 2022, rose from 36,023 on March 1 to 36,709 by April 1
According to Finbold, 686 Bitcoin ATMs were installed around the world in March 2022, as the number increased from 36,023 on March 1 to 36,709 on April 1.
Over 20 Bitcoin ATMs were installed daily in March 2022 globally
This shows that 22 Bitcoin ATMs were added daily in March alone, as the number of Bitcoin machines installed over time grows. The total number of crypto ATMs around the world is 36,733 computers as of April 11, according to statistics provided by Coin ATM Radar.
Crypto ATMs number | Source: Coin ATM Radar
Considering that CoinAtmRadar tracks not all Bitcoin ATMs – the actual number could be much higher. The expansion of the number of Bitcoin ATMs in operation demonstrates the importance of these machines as the cryptocurrency gains popularity and acceptance around the world.
In particular, the United States is the country that has seen the most Bitcoin ATM installations.
Before that, nearly 20,000 new Bitcoin ATMs were installed in 2021, more than 50 per day. As a result, vendors and investors can feel optimistic about the space’s long-term prospects even though the leading digital asset is far from its all-time high.
Bitcoin ATMs appeal to crypto investors looking to profit from assets while avoiding the complex routines of Know Your Customer (KYC) processes on crypto trading platforms.
However, this anonymity led to the British Financial Conduct Authority (FCA) has ordered all operators of cryptocurrency ATMs in the country to immediately shut down their machines for consumers if they hope to avoid legal action. Elsewhere, Singapore has taken drastic steps to curtail consumer marketing of digital assets by shutting down Bitcoin ATMs amid a crackdown on crypto advertising.
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