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Features

Bitcoin ATM Industry: A Look At The Numbers

What is the general state of the bitcoin ATM industry? CoinDesk takes a look at the data to decipher trends.

By Yessi Bello Perez
AccessTimeIconSep 25, 2015 at 3:07 p.m. UTC
Updated Sep 11, 2021 at 11:53 a.m. UTC
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Mike Tyson made headlines earlier today after he unveiled his first branded bitcoin ATM in Las Vegas.

Although he is just the latest celebrity to speak out in favour of the digital currency, the ex-heavyweight champion of the world's decision to lend his image to a bitcoin hardware ATM first sent shockwaves across the crypto world when it was announced in July.

Celebrity endorsements aside, what do we know about the general state of the bitcoin ATM industry? Are the number of machines being installed in decline? Which country hosts the most number of machines? CoinDesk has looked at CoinATMRadar data in an attempt to decipher industry trends.

Bitcoin image via Shutterstock.

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CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

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