Crypto ATM Count Increases by More Than 4,000 in 2022 Amid Ongoing Digital Asset Bear Market

New data reveals an increase in the number of cryptocurrency ATMs in 2022, despite a turbulent year for the digital asset industry.

According to Coin ATM Radar, an ATM tracking app, Bitcoin (Bitcoin) ATMs have gain A staggering 506% increase from January 2020 when there were 6,362 BTC ATMs.

According to data, there are now 38,601 Bitcoin ATMs, an increase of about 6,000 compared to December last year.

Recent report According to market intelligence firm Grand View Research, the cryptocurrency ATM market could exceed $5 billion by 2030.

In 2021, retail giant Walmart roll out Bitcoin ATM pilot program to install 200 ATMs in Walmart stores nationwide.

The study also found that the ability of ATMs to clear cryptocurrencies and instantly convert them to fiat currency is valuable to consumers and a key factor driving the growth of the cryptocurrency ATM market.

Additionally, the report found that the Covid-19 pandemic played a role in the growth of the market as customer demand for advanced encryption ATMs increased.

The report also reveals that North America dominated the regional market last year. According to Grand View Research, the North American market is likely to continue growing due to the high availability of cryptocurrency ATMs and the legalization of digital assets across the region.

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