Bitcoin ATM Locations Surge to Over 7700 Worldwide Amid Global Crisis

Many bitcoin automatic teller machines (ATMs) were installed across the globe in the month of April despite nationwide lockdowns, rising numbers of covid-19 cases, and global economic crisis. According to the bitcoin ATM tracking website, there are now 7,729 cryptocurrency ATMs in 72 countries. Moreover, there are also 148,849 services allowing people to buy (and sell) cryptocurrencies, such as newspaper and mall kiosks.

The country with the most bitcoin ATMs is the U.S., which has 5,749 machines nationwide. Among American cities with the most bitcoin machines are Los Angeles (558), Chicago (292), Atlanta (283), Miami (263), Houston (250), Detroit (246), Dallas (195), Philadelphia (131), Boston (126), and Las Vegas (126).

The total number of cryptocurrency ATMs worldwide stands at 7,729, located in 72 countries, according to Coinatmradar. There are 42 crypto ATM producers and 560 operators.

After the U.S., Canada comes second with 771 bitcoin ATM locations, followed by the U.K. with 296 locations, Austria with 145 locations, Spain with 84 locations, Switzerland with 83 locations, and the Czech Republic with 69 locations. In Canada, the cities with the most bitcoin ATMs are Toronto (249), Montreal (110), and Vancouver (87). Germany, which started regulating bitcoin ATM businesses early this year, now has 34 machines, according to Coinatmradar. One machine is in Berlin, one in Munich, and three in Frankfurt. In March, German financial regulator BaFin shut down unauthorized bitcoin ATMs in the country.

At the beginning of April, there were 7,384 cryptocurrency ATMs, the tracking website details. During the month, 435 machines were added and 69 were closed down, leaving a net increase of 366 ATMs, or a 5% increase from the previous month. Most of the new bitcoin ATMs — 351 machines — were installed in the U.S., followed by Canada with 12 more machines. Austria, Australia, and Vietnam got two more ATMs each. Slovakia, Hungary, and Slovenia got one more machine each. Meanwhile, one machine was removed from Germany, Mexico, and Malta while the U.K. lost three machines. A number of countries in Asia also have bitcoin ATMs, according to the tracking website. For example, Hong Kong has 57 bitcoin ATM locations, Taiwan has 10 machines, Singapore has eight bitcoin ATMs, Vietnam has six, the Philippines has four, and Thailand has two.

There were 7,384 bitcoin ATMs at the beginning of April; 435 machines were added during the month and 69 were closed down, leaving a net increase of 366 ATMs, or a 5% increase from the previous month.

The number of bitcoin ATMs has grown 21% since the beginning of the year. According to Coinatmradar, there were 6,377 machines at the beginning of January. The month saw an increase of 328 bitcoin ATMs. February started with 6,665 machines and 339 others were added during the month. March began with 7,010 machines and 376 were added during the month as the International Monetary Fund (IMF) declared a global recession. In addition, several indicators have shown that the U.S. entered into a recession in mid-March.