Global Crypto ATM Network Shrinks to 2021 Levels Amid U.S. Regulatory Actions
- The global number of crypto ATMs has declined to a total of 27,358 machines, a figure not seen since September 2021.
- Since July, the network saw a decrease of 587 machines, with the majority of removals occurring in September.
- The United States accounted for 476 machine removals, yet it still holds 71.4% of the world’s crypto ATMs.
- A total of 35 states have passed legislation affecting crypto ATMs, with some states like Indiana enacting outright bans.
- Vermont opted for a moratorium on new kiosks instead of banning existing ones.
- Despite these reductions, the U.S., Canada, and Australia collectively account for approximately 91% of all crypto ATMs worldwide.
The recent decline in crypto ATM numbers is largely driven by regulatory actions in the U.S., where several states have either banned or imposed restrictions on these machines due to fraud concerns. This has led to significant machine removals, particularly in September, reducing the global network to levels last seen in September 2021.
Despite this decrease, the U.S remains dominant in the global crypto ATM landscape, accounting for over two-thirds of all installations worldwide (Source
