Crypto ATM Numbers Approach Record High: A Steady Recovery After Industry Shocks

rypto ATMs Prove Resilient in Post-Terra and FTX Era, Near Record Numbers

The global cryptocurrency ATM industry is on the verge of reclaiming its record high of 39,958 machines, achieved on Dec. 1, 2022. After weathering the storm of major industry upheavals, including the Terra stablecoin collapse and the FTX debacle in late 2022, the sector is showing remarkable resilience and recovery.

Trends and Recovery Milestones

As of Jan. 11, 2025, there are 38,866 crypto ATMs in operation globally, according to coinatmradar.com. This figure is just 1,092 machines shy of the all-time high, reflecting a steady rebound from the low point of 33,085 devices recorded on July 1, 2023. The industry had experienced a net loss of 6,873 machines following the December 2022 peak, but a consistent upward trajectory since late 2023 has been observed.

Recent months have seen notable growth:

• January 2025: 283 ATMs installed

• December 2024: 157 ATMs added

• November 2024: Net increase of 404 devices

• October 2024: Decline of 280 machines

Major Operators and Geographic Distribution

Bitcoin Depot remains the largest operator, managing 8,486 ATMs worldwide as of January 2025. It is followed by Coinflip with 5,289 machines and Athena Bitcoin with 3,797 devices. Together, the top ten operators manage the bulk of the global crypto ATM network.

Geographically, the United States dominates the market, hosting 81.3% of all crypto ATMs. Europe accounts for 4.3%, Oceania for 4%, and Australia for 3.5%. This distribution highlights the US as the epicenter of crypto ATM activity while showcasing the potential for growth in other regions.

Supported Cryptocurrencies

Of the 38,866 machines, nearly all—38,855—support bitcoin (BTC). Among alternative cryptocurrencies:

• Litecoin (LTC): Available on 54.2% of machines

• Ethereum (ETH): Supported by 53.3%

• Dogecoin (DOGE): Accessible on 10,767 machines (27.7%)

The Role of Crypto ATMs in Financial Inclusion

Crypto ATMs continue to serve as tangible access points for digital currencies, bridging the gap between decentralized finance (DeFi) and the physical world. Their consistent growth underscores the enduring demand for accessible and decentralized financial tools, even amidst volatile market conditions.

While their adoption and geographic distribution remain uneven, these machines symbolize innovation and resilience in the cryptocurrency space, shaping the future of monetary interaction and engagement.