While the metric finds itself in the news only infrequently, it probably does not come as a surprise that the ‘crypto winter’ had a significant – if staggered – impact on the number of extant cryptocurrency ATM machines in the world.
Indeed, though the number continued rising throughout the calamities of 2022, the collapse of FTX proved a breaking point, after which the number of ATMs entered into a decisive decline and fell from just over 35,000 in November of the year to just under 34,000 in April 2023.
While May brought a recovery, it was short-lived and by July 2023, the number of these machines found a bottom at 32,479. The crypto market bull run, however, which started with a significant Bitcoin (BTC) rally last October proved another breaking point.
As a result, the chart has since turned positive, and between January 1, 2024, and press time on April 24, the number of crypto ATMs surged from 35,715 to 37,657 – by 1,942 – per the data retrieved from Coin
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