Australia Records Massive Surge in Bitcoin ATMs

Australia recently witnessed an increase in crypto ATMs following the recent crypto boom. Australia is currently one of the biggest Bitcoin nations. And recently, around 1000 active crypto-fiat machines were recorded.

Australia now ranks behind the United States and Canada in the number of active crypto ATMs. Interestingly, Australia currently owns around 2.7% of the world’s Bitcoin ATMs. Crypto ATMs have grown in popularity in recent years.

Australia’s Growing Presence in the Global Crypto ATM Market

These machines provide flexibility to crypto users. They enable crypto users to easily convert their fiat to cryptocurrencies in real-time. These machines support the purchase of cryptocurrencies with debit or credit cards.

A recent report by Coin ATM states that these ATMs first became popular in the United States. The report claims that the US first recorded over a thousand crypto ATMs in 2017. Meanwhile, Canada crossed the 1,000 mark in 2021.

There are currently over 31,000 crypto ATMs in the US, accounting for 82.8% of the world’s Bitcoin ATMs. Similarly, Canada boasts around 2,918 crypto ATMs. This represents around 7.8% of the world’s crypto ATMs.

Surprisingly, Australia has been a silent player in the crypto ATM space. The sudden increase in these machines can be attributed to the broad growth and popularity of cryptocurrencies in Australia.

Australia currently has more Bitcoin ATMs than China, India, Japan, and Singapore. Experts expect Australia to surpass Europe if it continues to record a boom in crypto activities.

Why the Resurgence in crypto ATMs?

The recent resurgence in crypto ATMs comes after a period of decline. Coin ATM notes that there was a decline in new crypto ATMs between 2022 and 2023. The report states that the bear market was a driving factor in the decline of new ATMs.

Furthermore, the decline of projects such as FTX and Terra sparked fears within the market. However, there’s been a positive change in market sentiment in recent months. The entire crypto market valuation crossed into the $3 trillion zone.

Bitcoin also hit a new all-time high. As the market reclaims its drive, we could see more crypto ATMs pop up around the world.


The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.


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