Coin ATM Radar: New crypto ATMs are being installed less and less around the world – Bits Media

According to the Coin ATM Radar resource, uncertainty regarding the regulation of cryptocurrencies leads to a reduction in the number of launches of new crypto ATMs.

Information on the analytical site Coin ATM Radar demonstrates, what in 2021 the largest number of crypto ATMs were installed, the main peak occurred in August, launched this month 2 037 units of equipment.

Starting from January 2022 year, the launch of crypto ATMs decreased to 1 687 units per month, down from a December high of 1,969 units.. Since then, the number of new devices has continued to decline: was installed in February 970 ATM, in March - 757, in April - 739.

The leader among countries is the USA: during the August peak 2021 year was installed here 1 867 new crypto ATMs. Then there was a slight fall, then growth to 1 866 crypto ATMs in November and then falling to 206 units of equipment in April 2022 of the year. In Canada in August 2021 year was installed 161 Cryptocurrency, only appeared in April 16 new pieces of equipment.

Europe lags behind the US and Canada: in November 2021 year there was a peak - in the EU it was established 38 units of equipment. For April – total 15 new crypto ATMs. Leader in ATM launch among European countries in 2021 Spain was the year. In the country in October it was established 13 crypto ATMs in October 2021 of the year. Exactly the same amount - in March 2022. In April there followed a drop to 1 Units of equipment.

In March, the British Financial Conduct Authority (FCA) declared illegal the activities of crypto ATM operators, as a result, this activity was suspended. Already in February 2021 year in the UK was dismantled 72 cryptoom, then in January it was installed 14 new cars, and in April - dismantled 43 ATM. The explosive growth in ATM installations last year was due to, that El Salvador was the first in the world to accept Bitcoin as legal tender. Currently installed in El Salvador 205 Chivo ATMs, what is 70 % all crypto ATMs in South America. El Salvador now has the third largest network of crypto ATMs after the US and Canada.