According to the latest data from Coin ATM Radar, the number of Bitcoin ATMs in the world has increased significantly over the past month, reaching a new peak of over 35,000 units in operation.
Bitcoin ATMs to return in May
The 35,069 ATMs figure reflects a significant increase after hovering below 34,000 since March. The source also revealed that a total of 33,389 Bitcoin ATMs hit a nearly two-year low in April.
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Comparing this data to December 2022, when the number of ATMs surpassed 39,000, there is a clear decline despite the rise in Bitcoin (BTC) prices during this period. As CoinATM Radar data shows, around 3,600 Bitcoin ATMs were disconnected worldwide in March alone.
The trend has been on a downward trajectory since December, as shown by the Coin ATM radar graph. However, this situation was reversed as he added nearly 1,400 cars in May and another 278 cars in the first few days of June.
Bitcoin ATMs are growing in popularity with users as they offer a fast and seamless experience, making it easy to buy and sell BTC using fiat currency or cards. Additionally, these machines typically do not require Know Your Customer (KYC) data, making them a more private alternative to traditional exchanges.
The United States and Canada are the main distribution areas
When it comes to ATM deployments worldwide, the United States is a major leader, with over 30,000 ATMs installed within its borders, accounting for over 85% of all machines currently in operation. According to Coin ATM Radar, Canada is the only country with more than 1,000 ATMs, with a cumulative total of about 2,745.
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Europe is second with around 1,400 ATMs installed across the region, with Spain leading the list with 286 ATMs. By comparison, the UK has only 16 ATMs installed, despite its status as the financial center of the region.
Spain leads the Spanish-speaking world with 285 ATMs, followed by El Salvador with 212. Mexico ranks him third with her 52 ATMs, while Colombia and Puerto Rico are in the top five with 37 and 32 respectively.
Hong Kong has the most installed ATMs in Asia with 148 ATMs, while Japan has only 3 ATMs installed despite its bitcoin-friendly regulation. It is no surprise that El Salvador leads Latin America with 272 ATMs after adopting Bitcoin as legal tender. Africa has the lowest number of Bitcoin ATMs, with South Africa leading with 17, while regional giant Nigeria has only two ATMs installed within its jurisdiction.
Bitcoin price analysis
Bitcoin price has been stagnant for the past week, with the major coin trading within the $28,500 resistance zone. At the time of writing, Bitcoin is worth $27,223, up 0.21% in the last 24 hours.
– Featured images from iStock, charts from CoinATMRadar and TradingView.com
