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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.

Sep 25, 2015
CoinDesk Insights

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.

DISCLOSURE

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

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