Number of Bitcoin ATMs worldwide wächt to over 7,000
ATM, the support of digital currencies, have parallel to the prevailing Trend in the markets for crypto-grown currencies since the beginning of 2020. With over 400 new devices in January, the total number of devices approaching the world of the 7,000 mark. The sector has recorded in the last three years, an exponential growth.
This year had currencies to a promising Start for Crypto, the BTC price of under $ 7,000 increased in the first days of January to about 9.350 dollars at the end of the month and over $ 10,000 in mid-February. Higher prices bring back the interest in crypto-currencies, because more people want to invest in digital assets. The ATMs of Bitcoin are an accessible way to acquire Kryptos for those who are working now in the Ecosphere, and the statistics from Google Trends show that the number of queries to this type of ATMs since last year have doubled. Period highs were observed in June 2019, as the BTC has reached almost $ 13,000, and in the first half of January, as the current bull market began.
The number of Bitcoin ATMs is growing and reached almost 7,000 in operating
The number of newly installed BATMs grew this year is more stable, so the data of the Website Coinatmradar. Your report – “the Bitcoin ATM Market Dynamics January 2020” shows that there was at the beginning of the month in the world 6.377 operating devices. 432 of the devices were taken in this period, while only 104 were closed, representing a net growth of 328 or 5.1%.
The majority of the manufacturers increased the production. Genesis Coin leads the list with 146 new ATMs (7% growth), followed by General Bytes of 62 (3%) and Coinsource with 40 installations (of 11.7%). Many operators have introduced new machines. Coinflip Bitcoin ATMs to lead the table with 36, Bitcoin vault 34 just under the second and ATM Coiners, with 33 in the third place, which represents an increase of 50% in the devices. New actors are entering in the niche, because the first 12 machines Per ATM, with headquarters in the United States have been installed.
Large operators to drive with a few ATMs better as a company
Coinatmradar tracked and analyzed since 2013, the activities of 870 Bitcoin ATM operators. In spite of the General opinion that they charge high fees, have made it due to various costs and risks so far not all companies. The survival rate seems to be of the number of operated ATMs to hang out. Companies that operate in the peak between 1 and 10 machines, have survived, on average, one and a half years. While about 450 of these small operators are still active, have more than 300 already. At the same time, none of the firms with 100 or more devices from the business.
The number of Bitcoin ATMs is growing and reached almost 7,000 in operating
In January have been installed in the United States, the majority of the new BATMs – nationwide 325 new machines were installed, which represents an increase of 7.7%. Canada and the United Kingdom with only 5 and 2 newly added locations in second and third place. Unfortunately, there are Nations that have closed in the past month, some of their crypto-ATM. Italy, for example, 7 Bitcoin has lost money in the vending machine and now has 47. Three out of a total of 179 devices were taken in Austria, out of service, while two are no longer connected in the Netherlands.
Most of the in-service machines, allow for the buying and selling of multiple currencies. Their number is increased in the first month of the year to over 300. A total of 2.307 devices Bitcoin Cash (BCH) currently offer, compared to 2.226 at the end of January and 2.141 the beginning of 2020. In the last month, the number of BCH supportive devices increased by 85, or almost 4%.
