Crypto ATM Market Size Is Expected to Grow 56.5% CAGR From 2022 to 2030

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Increased use of Bitcoin ATMs to drive the growth of the cryptocurrency ATM market

New York, USA, June 23, 2022 (GLOBE NEWSWIRE) – Crypto ATM Market Overview:

According to a comprehensive Market Research Future Research Report (MRFR), “Crypto ATM Market Analysis by supply (hardware and software), type (one-way and two-way) and currency (BTC, Litecoin, ETH, Dogecoin, Bitcoin Cash, Dash, USDT) and region – Forecast up to 2030 “recording a 56.5% CAGR period forecast (2022-2030).

Increased use of Bitcoin ATMs to provide solid opportunities
Customers can buy and exchange cryptocurrencies for cash using bitcoin ATMs. These ATMs are gaining widespread recognition because they offer total financial secrecy, are impenetrable, and offer a quick way to sell or buy bitcoins. Since users are not required to enter any personal information, bitcoin ATMs offer the highest level of security. Cryptocurrency can only be transferred when the user enters the required security identities and encryption keys. These ATMs have hardware and software failure protection technology installed. As a result, demand for these ATMs is increasing worldwide.

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Scope of the report:

Report metrics


Market size

million dollars


56.5% CAGR (2022-2030)

Base year


Forecast period


Historical data

2018, 2019, 2020

Forecast units

Value (millions of USD)

Coverage report

Revenue forecast, competitive landscape, growth factors and trends

Covered segments

Offer, type and currency

Covered Geographies

North America, Europe, Asia-Pacific and Rest of the World (RoW)

Key sellers

BITCOIN DEPOT, Bitstop, Cash Cloud, Inc, Coinsource, Covault, LLC, GENERAL BYTES sro, Genesis Coin Inc., Kurant GmbH, Lamassu Industries AG and RockitCoin

Key market opportunities

The rapid growth of startups and the increase in investment in the cryptographic world.

Main market drivers

Convenience in transactions provided by Crypto ATMs

Lack of awareness to act as market constraints
Lack of awareness along with technical understanding of cryptocurrency can act as market constraints during the forecast period.

Crypto ATM Market Drivers
Increasing penetration of smartphones to drive market growth
One of the key factors highlighting the growth of the Crypto ATM market is the growing use of smartphones on a global scale. Cryptocurrency users can easily take advantage of the functions of cryptocurrency ATMs thanks to smartphones.

Limited acceptance of cryptocurrencies to act as a market challenge
Limited acceptance of cryptocurrencies may act as a market challenge during the forecast period.

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Crypto ATM market segmentation
The cryptocurrency ATM market is bifurcated based on supply, type, and currency.

By offering, the hardware will lead the market during the market period. To improve their product offerings, cryptographic ATM hardware vendors focus on strategic alliances and mergers and acquisitions. Door locks, money recyclers, ATM holders, extension boxes, cash registers, and money dispensers are examples of hardware.

By type, the two-way rate will dominate the Crypto ATM market over the period expected for the growing need for improved security, more secure digital payment, and conversion features.

By currency, bitcoin will lead the Crypto ATM market during the period expected for the legalization of bitcoins in different countries. Global acceptance of bitcoin as a form of payment is increasing the need for bitcoin ATMs. The most popular digital currency available is called bitcoin.

COVID-19 analysis
Due to growing consumer interest in cryptocurrencies at the time of the COVID-19 pandemic, the cryptocurrency ATM industry has been severely affected. In addition, investment in cryptocurrencies in Bitcoin, Dogecoin, Ethereum and other cryptocurrencies has increased significantly since the pandemic, whereas before it had been growing slowly. In turn, this has become a key growth factor for the market during the global health crisis.

Regional analysis of the Crypto ATM market
North America for Sway Crypto ATM Market
The market for cryptocurrency ATMs was dominated by North America. Several well-known cryptographic ATM producers, including Coin Cloud, Bitcoin Depot, and CoinFlip, are headquartered in North America. In the United States, the installation of cryptocurrency ATMs in public spaces is becoming increasingly popular. For example, Williston, North Dakota, declared in November 2021 that its main airport would house a cryptocurrency ATM that would allow travelers to buy and sell virtual currencies. This is due to the growing deployment in the region of cryptocurrency ATMs in public spaces.

The market for cryptocurrency ATMs in North America will expand due to the increase in investments made by suppliers to expand their business. By 2023, the market in this region is expected to control most of the cryptocurrency market. It is likely that the US UU. continue to lead the market during the analysis period due to the existence of a large number of cryptographic ATM hardware, as well as software vendors and favorable investment environment (no legal barriers).

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Other factors that are expected to contribute to the expansion of the market include increased investment in new cryptocurrency companies, the rapid installation of ATMs in public areas, a strong emphasis on anti-money laundering compliance, and a strong presence. of the ATM. networks and companies in the area.

APAC will have an admirable growth in the Crypto ATM market
Over the next few years, the Asia-Pacific region is expected to see significant growth in the two-way cryptocurrency ATM market. The continuous installation of two-way cryptographic ATMs in APAC countries, including the Philippines, and the frequent launches of 5G technology are two factors for the expansion of the regional market. Interactions between organizations and their partners are also important (findings indicate that nearly 50 percent of APAC organizations are interacting with customers through social media). To accelerate the expansion of the cryptocurrency exchange market, several nations, including India and South Korea, are investing in startups. The demand for cryptographic ATMs is increasing as a result of these companies receiving venture capital financing from numerous organizations.

During the analysis period, the APAC region is expected to show the fastest growth rate. During the forecast period, the expansion of the regional market is expected to be driven by the ongoing installation of two-way cryptographic ATMs in all Asia-Pacific nations, including the Philippines. In addition, opportunities are expected to be created for the expansion of the regional market by the proliferation of smartphones and the ongoing launch of 5G technology. Cryptographic ATMs are being widely adopted by companies in the APAC region to streamline operations and enhance customer experiences.

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Crypto ATM Market Competitive analysis

Key players in Crypto ATM Market They are covered:


  • Bitstop

  • Cash Cloud, Inc.

  • Coinsource

  • Covault, LLC


  • Genesis Coin Inc.

  • Kurant GmbH

  • Lamassu Industries AG

  • RockitCoin

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