Australia has made significant strides in the cryptocurrency space, marking a notable achievement by surpassing the threshold of 1,000 Bitcoin ATMs. This places the country among the top hosts for such machines globally, alongside the United States and Canada. Data compiled as of April 24 by Coin ATM Radar reveals that Australia now boasts an impressive network of 1,008 Bitcoin ATMs, showcasing its growing embrace of cryptocurrencies within the financial landscape.
This milestone underscores Australia’s increasing adoption of cryptocurrency technologies and its evolving role within the global crypto economy. With over 1,000 Bitcoin ATMs in operation, Australia accounts for approximately 2.7% of the total crypto ATM distribution worldwide, signaling a significant presence in this burgeoning sector.
In comparison to other leading countries, the United States remains the dominant player in the crypto ATM market, commanding a staggering 82.8% of the global share. With a robust network of 31,179 crypto ATMs, the U.S. continues to lead the way in facilitating access to digital assets for users across the nation. Following closely behind is Canada, which boasts 2,918 ATMs, representing 7.7% of the global crypto ATM market share.
Australia’s achievement in reaching the 1,000 Bitcoin ATM milestone reflects the country’s growing interest and participation in the cryptocurrency ecosystem. As the adoption of digital currencies continues to gain momentum globally, Australia’s expanding network of Bitcoin ATMs further solidifies its position as a significant player in the evolving landscape of decentralized finance.
Bitcoin kiosks are increasingly becoming prominent across various countries, with several nations now boasting a significant number of them in operation. Among these countries are Spain, with 261 kiosks, El Salvador with 215, Poland with 211, Germany with 194, and Hong Kong with 157.
These Bitcoin ATMs, also known as kiosks, serve as platforms that enable users to buy or sell Bitcoin and other cryptocurrencies using either cash or debit/credit cards. While they resemble traditional bank ATMs in appearance, these machines operate differently. They are connected to cryptocurrency exchanges or platforms, facilitating transactions for users looking to engage in buying or selling digital assets.
As of April 2023, Coin ATM Radar reported that the Asian continent had a total of 355 crypto machines, constituting 1% of the global crypto ATM installations. Meanwhile, Australia alone boasted 225 machines as of June 2023, representing 0.6% of the overall global distribution of Bitcoin ATMs.
The proliferation of Bitcoin ATMs throughout Australia mirrors the nation’s expanding fascination with cryptocurrency. Data from Statista reveals that nearly one-quarter of adults in the country possess a crypto asset. This trend is underscored by rising trading volumes on exchanges and a significant surge in the daily active users of cryptocurrency wallet applications.
However, despite the burgeoning interest in cryptocurrency trading, the presence of businesses in Australia equipped with either a crypto ATM or offering crypto as an in-store payment option remains comparatively limited across various industries.
Expansion of Bitcoin ATM Deployment Worldwide & Supported Cryptocurrencies
As per a recent Coin ATM Radar report released on April 18, the proliferation of Bitcoin ATMs has experienced a moderate upswing, with projections indicating a global uptick in Bitcoin ATM installations driven by a rising number of cryptocurrency users, consequently boosting demand for these machines.
In March, the United States saw the addition of 360 machines, marking a 1.2% increase. Australia closely followed suit with 44 new installations, reflecting a 4.9% rise, while Canada incorporated 41 new devices, representing a 1.4% increase in its Bitcoin ATM count.
Notably, Luxembourg entered the fray by installing its inaugural Bitcoin ATM at Γpicerie Damas.
It’s noteworthy that the proportion of Bitcoin ATMs accommodating additional cryptocurrencies rose to 61.4%.
During March 2024, the leading additions were Tether, witnessing a surge of 3,640 installations (a remarkable 77.73% increase), followed by Ether with 949 additions (a 5% rise), and Litecoin with 911 new installations (a 4.66% increase).
Top cryptocurrencies adopted bitcoin ATM's in March 2024: Tether +3640 / 78%, ETH +949 / 5%, Litecoin +911 / 5%, Altcoins +872 / 4%, Dodgecoin +541 / 6%, BTC +498 / 1%
More info here: https://t.co/sBtIlH2pPH pic.twitter.com/kinH87i6PD— Coin πΈππ Radar βΏπ§π (@CoinATMRadar) April 23, 2024
Additional cryptocurrencies, including Dogecoin and Bitcoin Cash, were integrated into 541 machines, reflecting a 6% uptick, and 154 machines, representing a 1.73% increase, respectively. However, Ripple offerings were halted in 22 Bitcoin ATMs, marking a 1.76% rise in suspensions.
#Cryptocurrency #ATM industry statistics for March 2024: 699 installed, 192 closed, +507 (1.4%) net growth rate. More details: https://t.co/QyEPBPx1Ce pic.twitter.com/KJo8sNgclt
— Coin πΈππ Radar βΏπ§π (@CoinATMRadar) April 18, 2024
In March 2024, the Bitcoin ATM map tracker unveiled industry statistics, indicating 669 fresh installations, 192 closures, and a net growth rate of +507, equivalent to 1.4%.
