Bitcoin ATM Crash: 971 Vanish in March

The Great Unplugging: <a href="https://inrusdinr.in/btc-usd/">Bitcoin</a> ATMs Face Steepest Drop Since December 2024

The data provided by coinatmradar.com shows that there was a total decrease of 971 Bitcoin ATMs worldwide during the month of March, with a brief surge of 188 new installations taking place in the last week of the month.

2025’s First Reduction: 971 Bitcoin ATMs Vanish

In the past few years, there has been a slowdown in the growth of cryptocurrency ATMs, with 2022 being the first year to see a decrease in their numbers. This downward trend continued in 2023, as thousands of these Bitcoin-dispensing machines were removed in January, March, and July.

Coinatmradar.com’s year-end figures further highlight a stark contraction: 1,462 machines vanished from global networks just before 2025 commenced. While January and February 2025 brought a cautious rebound, the trajectory remains far from the unchecked growth of prior years.

Source: coinatmradar.com/charts/net-growth/

In January, there were 216 new bitcoin ATMs installed, and this trend picked up speed in February with 973 more units added—that is, until March, when an unexpected turn of events saw 971 machines being removed from global networks. However, a late-March correction on the 24th temporarily boosted the numbers with 188 new installations, providing a short-lived offset to the decline.

Currently, there are 37,920 cryptocurrency Automated Teller Machines (ATMs) worldwide, which is a decrease from the record high of 39,982 machines seen in December 2022. This means we’re about 2,062 units away from that peak figure. Bitcoin Depot is the leading operator in this space, boasting 8,464 machines – that’s roughly 22.3% of the global total.

Coinflip trails in second place with 5,386 units, while Athena Bitcoin clinches third with 3,963 machines, solidifying its foothold in the sector. A staggering 99.92% of the 37,920 active terminals dispense bitcoin ( BTC), rendering its availability nearly universal.

Source: coinatmradar.com/charts/cryptocurrency-share/

Though eclipsed by bitcoin’s dominance, litecoin ( LTC) carves out a notable 48.93% share of crypto ATMs, equating to roughly 18,555 terminals. Ethereum ( ETH), the silver medalist by market capitalization, claims a close 47.86% presence, its availability spanning 18,146 of the 37,920 global machines.

According to data from Coinatmradar.com, the United States dominates the global crypto ATM market with an impressive 78.8%, while Canada trails significantly behind at 9.2%. European countries and Australia make up smaller portions, accounting for 4.5% and 4.3% of the worldwide network respectively.

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2025-03-26 02:30