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2023 saw a significant decline in crypto ATMs, with more than 5,700 units discontinued. This reduction marks a historic first since the initial deployment of these machines in October 2013. According to the latest data from Coin ATM Radar, the global count of crypto ATMs has decreased from its peak of 39,350 in December 2022 to approximately 33,620, representing a 14.5% decline from the previous high. Bitcoin ATM Installations Growth | Source: coinatmradar.com You might also like: Bitcoin ATM innovator CoinFlip to look beyond kiosks in 2024 Data also shows a fluctuating trend in the deployment and decommissioning of these ATMs throughout the year. January 2023 saw the removal of 1,523 ATMs, followed by 210 in February and a substantial reduction of 3,555 units in March. A brief resurgence occurred in May and June, with nearly 2,500 new installations. However, July marked the highest number of ATM removals, with 4,218 units decommissioned. Regarding market share, 10 ...

Bitcoin Depot, a prominent bitcoin ATM operator, has successfully launched on the Nasdaq stock exchange, becoming the first US company in the bitcoin ATM industry to go public . This significant milestone follows the recent announcement of the company’s merger with GSR II Meteora, a blank check company, solidifying its position as the first public ly listed bitcoin ATM provider in the United States. Bringing bitcoin to a broader audience Bitcoin Depot, headquartered in Atlanta, Georgia, has established itself as the leading bitcoin ATM provider in North America, boasting an extensive network of 6,440 kiosk locations. These bitcoin ATMs function similarly to traditional ATMs but offer users the convenience of buying and selling digital assets. With a bitcoin or crypto ATM, individuals can swiftly engage in cryptocurrency transactions without the need to navigate the complexities of setting up an account on a digital exchange. These ATMs enable users to buy and sell various coi...