Crypto ATM Numbers Drop by 13.91% Since December 2022, Over 3,600 Went Offline in March

0 9

Crypto ATM Numbers Drop by 13.91% Since December 2022, Over 3,600 Went Offline in March

knife

According to data from the cryptocurrency automated teller machine (ATM) aggregation website Coin ATM Radar, over 3,600 crypto ATMs went offline in March. Since the end of 2022, the number of crypto ATMs has declined by 13.91% in the last three months.

Crypto ATM Numbers Decline in 2023

According to data from Coin ATM Radar, the number of crypto ATMs worldwide has decreased by 13.91% since December 2022. At that time, 39,179 crypto ATMs were installed globally.

In January, 1,587 crypto ATMs went offline, marking the second time a large number of machines had gone offline since the loss of 399 crypto ATMs in September 2022. In February 2023, the decline in crypto ATMs was less drastic than in January and fewer than the drawdown in September.

A total of 275 cryptocurrency ATMs went offline in February. The largest decline was recorded in March, according to Coin ATM Radar statistics, which indicated a drop of 3,627 crypto ATMs.

The loss in March coincided with the recent General Bytes hack that occurred on March 17 and 18, which resulted in the theft of more than $1.5 million in crypto. According to statistics on April 1, 2023, there’s currently 33,728 crypto ATMs installed worldwide.

General Bytes machines account for 28.5% of all machines globally, and devices manufactured by Bitaccess represent 20.2% of the market share. Genesis Coin ATMs represent 17% of the machines worldwide, while Coincloud devices account for 12.7%.

As of Saturday, April 1, 2023, the United States has the highest number of crypto ATMs worldwide, followed by Canada, Australia, and Spain. More than 28,000 crypto ATMs are located in the United States, while Canada hosts over 2,600.

Looking at the data on crypto ATM manufacturing growth, Bitaccess experienced a decline, while General Bytes’ growth is on the rise. Genesis Coin also saw a decline, but it was much less than Bitaccess’s drop between February and March.

What do you think the future holds for the crypto ATM industry? Will we see a rebound in numbers or a continued decline? Share your thoughts in the comments section below.

Leave A Reply

Your email address will not be published.

bitcoin
Bitcoin (BTC) $ 71,009.03
ethereum
Ethereum (ETH) $ 3,576.11
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 585.43
solana
Solana (SOL) $ 190.56
staked-ether
Lido Staked Ether (STETH) $ 3,566.57
xrp
XRP (XRP) $ 0.626368
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.219446
cardano
Cardano (ADA) $ 0.652913
avalanche-2
Avalanche (AVAX) $ 54.86
shiba-inu
Shiba Inu (SHIB) $ 0.000032
the-open-network
Toncoin (TON) $ 4.91
polkadot
Polkadot (DOT) $ 9.55
chainlink
Chainlink (LINK) $ 19.24
bitcoin-cash
Bitcoin Cash (BCH) $ 567.73
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 70,943.01
tron
TRON (TRX) $ 0.120442
uniswap
Uniswap (UNI) $ 12.86
matic-network
Polygon (MATIC) $ 1.01
internet-computer
Internet Computer (ICP) $ 17.79
near
NEAR Protocol (NEAR) $ 7.24
litecoin
Litecoin (LTC) $ 94.46
aptos
Aptos (APT) $ 17.36
leo-token
LEO Token (LEO) $ 6.05
blockstack
Stacks (STX) $ 3.46
filecoin
Filecoin (FIL) $ 9.34
cosmos
Cosmos Hub (ATOM) $ 12.37
dai
Dai (DAI) $ 0.998116
ethereum-classic
Ethereum Classic (ETC) $ 32.68
arbitrum
Arbitrum (ARB) $ 1.67
render-token
Render (RNDR) $ 11.25
crypto-com-chain
Cronos (CRO) $ 0.158772
immutable-x
Immutable (IMX) $ 2.94
stellar
Stellar (XLM) $ 0.138458
mantle
Mantle (MNT) $ 1.22
hedera-hashgraph
Hedera (HBAR) $ 0.11685
the-graph
The Graph (GRT) $ 0.412433
okb
OKB (OKB) $ 64.09
dogwifcoin
dogwifhat (WIF) $ 3.80
optimism
Optimism (OP) $ 3.75
bittensor
Bittensor (TAO) $ 535.15
vechain
VeChain (VET) $ 0.047366
fetch-ai
Fetch.ai (FET) $ 3.29
injective-protocol
Injective (INJ) $ 38.54
maker
Maker (MKR) $ 3,656.77
pepe
Pepe (PEPE) $ 0.000008
kaspa
Kaspa (KAS) $ 0.139323
thorchain
THORChain (RUNE) $ 9.32
theta-token
Theta Network (THETA) $ 2.95
fantom
Fantom (FTM) $ 1.02
arweave
Arweave (AR) $ 41.78
lido-dao
Lido DAO (LDO) $ 2.89
first-digital-usd
First Digital USD (FDUSD) $ 0.99923
gala
GALA (GALA) $ 0.068173
sui
Sui (SUI) $ 2.02
monero
Monero (XMR) $ 135.46
floki
FLOKI (FLOKI) $ 0.000253
celestia
Celestia (TIA) $ 14.16
sei-network
Sei (SEI) $ 0.868134
algorand
Algorand (ALGO) $ 0.273418
rocket-pool-eth
Rocket Pool ETH (RETH) $ 3,938.02
flow
Flow (FLOW) $ 1.40
quant-network
Quant (QNT) $ 138.40
mantle-staked-ether
Mantle Staked Ether (METH) $ 3,646.11
beam-2
Beam (BEAM) $ 0.036175
aave
Aave (AAVE) $ 128.30
bonk
Bonk (BONK) $ 0.000028
conflux-token
Conflux (CFX) $ 0.48049
bitcoin-sv
Bitcoin SV (BSV) $ 93.19
singularitynet
SingularityNET (AGIX) $ 1.40
jupiter-exchange-solana
Jupiter (JUP) $ 1.32
wrapped-eeth
Wrapped eETH (WEETH) $ 3,688.81
havven
Synthetix Network (SNX) $ 5.10
starknet
Starknet (STRK) $ 2.28
elrond-erd-2
MultiversX (EGLD) $ 61.39
dydx-chain
dYdX (DYDX) $ 3.48
axie-infinity
Axie Infinity (AXS) $ 11.27
the-sandbox
The Sandbox (SAND) $ 0.699498
ribbon-finance
Ribbon Finance (RBN) $ 1.63
bittorrent
BitTorrent (BTT) $ 0.000002
bitget-token
Bitget Token (BGB) $ 1.04
ether-fi-staked-eth
ether.fi Staked ETH (EETH) $ 3,569.23
ethena-usde
Ethena USDe (USDE) $ 1.00
worldcoin-wld
Worldcoin (WLD) $ 8.48
tezos
Tezos (XTZ) $ 1.41
pyth-network
Pyth Network (PYTH) $ 0.917879
mina-protocol
Mina Protocol (MINA) $ 1.26
gatechain-token
Gate (GT) $ 9.98
ordinals
ORDI (ORDI) $ 63.21
ondo-finance
Ondo (ONDO) $ 0.915026
flare-networks
Flare (FLR) $ 0.035651
ecash
eCash (XEC) $ 0.000066
chiliz
Chiliz (CHZ) $ 0.145563
apecoin
ApeCoin (APE) $ 2.05
ronin
Ronin (RON) $ 4.20
decentraland
Decentraland (MANA) $ 0.678644
axelar
Axelar (AXL) $ 2.07
eos
EOS (EOS) $ 1.10
akash-network
Akash Network (AKT) $ 5.33