Skip to content

Over 2,000 new Bitcoin ATMs installed globally in 2024

Over 2,000 new Bitcoin ATMs installed globally in 2024

Last year – 2024 – proved outstanding for cryptocurrencies as multiple digital assets broke to new all-time highs (ATH), U.S. regulators approved multiple spot Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs), and Americans voted in the most blockchain-friendly administration and legislature to date.

As Finbold research found, such positive developments also brought an increase in the number of Bitcoin ATMs installed worldwide by 2,217 within 366 days – a 6.02% year-over-year (YoY) rise. 

The United States remained dominant, commanding an impressive 81.27% of the market share. It entered the new year with 31,505 machines—3.6% or 1,094 more than on January 1, 2024—to the world’s 38,768, per the data Finbold retrieved from Coin ATM Radar.

Growth in BTC ATMs in 2024 demonstrated the correlation between the crypto market’s bull cycle and worldwide interest in digital assets infrastructure. 

U.S. remains dominant, but Europe keeps consistently growing its market share

Though the 38,768 recorded on January 1, 2025, does not constitute an all-time high – there were 39,954 such machines in December 2022 – it is nonetheless a significant number, particularly as the total number of Bitcoin ATMs fell to 33,076 in July 2023.

Additionally, despite Europe’s minuscule market share, the continent remains interesting as the only major region with consistent growth in the number of BTC ATMs.

Specifically, unlike the worldwide and U.S. numbers, which experienced a significant drop during the ‘crypto winter,’ Europe witnessed a consistent rise. Finally, the trend continued in 2024 when the continent added 116 new ATMs.

Though the number is small in absolute terms, it does constitute a decent 7.5% yearly increase and enabled Europe to increase its global market share from 4.23% to 4.29%, partially at the expense of the still-dominant U.S. whose commands fell from 83.2% at the start of 2024 to 81.27% at the start of 2025.

BTC ATM growth slowed down after April despite crypto’s record November gains

Elsewhere, the data reveals another interesting fact about the 2024 cryptocurrency bull market: despite multiple digital assets, including Bitcoin, hitting their ATHs in the second half of the year, most ATM installations took place in the first and second quarters.

By late April, there were 1,942 new BTC ATMs in the world, as Finbold reported at the time. This means that between January and April, an average of 485 machines were installed monthly, and between May and December, the number collapsed to 34.

Best Crypto Exchange for Intermediate Traders and Investors

  • Invest in cryptocurrencies and 3,000+ other assets including stocks and precious metals.

  • 0% commission on stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.

  • Copy top-performing traders in real time, automatically.

  • eToro USA is registered with FINRA for securities trading.

30+ million Users
Securities trading offered by eToro USA Securities, Inc. (“the BD”), member of FINRA and SIPC. Cryptocurrency offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. Finbold.com is not an affiliate and may be compensated if you access certain products or services offered by the MSB and/or the BD

Read Next:

Finance Digest

By subscribing you agree with Finbold T&C’s & Privacy Policy

Related posts

Sign Up

or

By submitting my information, I agree to the Privacy Policy and Terms of Service.

Already have an account?

Services

IMPORTANT NOTICE

Finbold is a news and information website. This Site may contain sponsored content, advertisements, and third-party materials, for which Finbold expressly disclaims any liability.

RISK WARNING: Cryptocurrencies are high-risk investments and you should not expect to be protected if something goes wrong. Don’t invest unless you’re prepared to lose all the money you invest. (Click here to learn more about cryptocurrency risks.)

By accessing this Site, you acknowledge that you understand these risks and that Finbold bears no responsibility for any losses, damages, or consequences resulting from your use of the Site or reliance on its content. Click here to learn more.