Nine years after the first Bitcoin ATM appeared, there are now 38,804 worldwide.
According to Coin ATM Radar data, Canada was home to the first crypto ATM, and it took nine years for the number to climb to 566, although it remains in second place with 6.6 percent.
Meanwhile, Spain became the third-largest cryptocurrency ATM center on Oct. 22, with a 0.6 percent share of 215 ATMs.
A July report from Research and Markets estimated that the crypto ATM space is now worth $46.4 million and will grow more than 10-fold to $472 million by 2027, driven by increased remittances and crypto ATM installations.
Crypto ATM installations have been challenged by the crypto bear market this year, with crypto ATM installations slowing from January to May before picking up slightly from June to August, but in September, 459 units were removed from the global network The number of net crypto ATMs worldwide fell for the first time in September after the machine.
