Contradicting the growing global (BTC) adoption rate, physical ATMs dedicated to fiat-crypto conversions are on the decline. In March alone, 3,627 crypto ATMs were removed from the network, bringing down the total ATMs to 33,727.
In the decade since the first Bitcoin ATM was launched on Oct. 29, 2013, the net change of cryptocurrency machines installed and removed monthly remained positive most times — implying that total crypto ATMs worldwide were steadily increasing. However, the trend is reversing, according to data from Coin ATM Radar.
Net change of cryptocurrency machines number installed and removed monthly. Source: Coin ATM RadarNumber of bitcoin machines installed over time. Source: Coin ATM RadarThe number of cryptocurrency machines installed per each top manufacturer over time. Source: Coin ATM Radar
