The number of Bitcoin ATMs globally has seen a notable increase over the past month, reaching a new high with over 35,000 active machines.
According to the latest Coin ATM Radar activity data, in May 2023 alone, the number of ATMs increased significantly with 35,069 units, reflecting a sudden growth since the great volatility in March. 2023, when the number of machines drops below 34,000 units.
Meanwhile, in April 2023, Coin ATM Radar studied the entire cryptocurrency market with only 33,389 Bitcoin ATMs, the lowest level in the past 2 years.
Comparing the data to December 2022, when the number of ATMs exceeded 39,000, it is clear that there was a drop despite the Bitcoin (BTC) price increase during that period. As of March there were about 3,600 Bitcoin ATMs disconnected worldwide.
Bitcoin ATMs spike in May after dropping in March
The trend has been down since December, as depicted in the Coin ATM Radar chart. However, this situation has been reversed with an increase of nearly 1,400 units in May and an additional 278 units in the first days of June.
Currently, when it comes to the global distribution of ATMs, the United States holds the leading position, with over 30,000 ATMs installed within its borders, representing more than 85% of the total number of machines in operation today. now. According to Coin ATM Radar, Canada is the only other country to surpass 1,000 ATMs, accumulating around 2,745.
Europe is in second place with about 1,400 ATMs installed across the region, with Spain leading the list with 286 ATMs. By comparison, the UK has a meager 16 ATMs installed despite its position as a financial hub in the region.
US and Canada Dominate Bitcoin ATM Distribution
Spain tops the list of Spanish-speaking countries with 285 ATMs, followed by El Salvador with 212. Mexico came in third with 52 ATMs, while Colombia and Puerto Rico rounded out the top five with 37 and 32, respectively.
Hong Kong leads the way with 148 ATMs in Asia, while Japan has only three installed despite its Bitcoin-friendly regulations. El Salvador unsurprisingly leads in Latin America with 272 ATMs after adopting Bitcoin as legal tender.
Africa has the lowest number of Bitcoin ATMs, with South Africa leading with 17, while the regional giant Nigeria has only two ATMs installed in its jurisdiction.
