Cryptocurrency ATMs Market Report 2025 (Global Edition)

Global Cryptocurrency ATMs Market Report 2025 Market Size Split by Type (One Way, Two Way), by Coin (Coin, Bitcoin (BTC), Litecoin, Ethereum (ETH), Dogecoin, Bitcoin Cash, Dash, Tether (USDT), Others)...

Cryptocurrency ATMs Market Report Description

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Cryptocurrency ATMs Market Insights Video

Competitive Landscape of Cryptocurrency ATMs Market

The crypto ATM market can be described as competitive because of a number of prominent market players. The participants are focusing on new strategic alliances in order to receive funding and gain a competitive edge in the industry. Additionally, forming partnerships is one of the main methods industry participants employ to develop their expertise.

Cryptocurrency ATMs Industry news

^{August 2022: By merging with the special-purpose acquisition firm GSR II Meteora Acquisition Corp., the cryptocurrency ATMs Bitcoin Depot operator announced its intention to go public. This plan will enable the business to grow more quickly.}

(Source:www.reuters.com/markets/deals/bitcoin-depot-list-us-through-885-mln-spac-deal-2022-08-25/)

^{January 2022: A cooperative project between Urubit and Inbierto, two local cryptocurrency startups, resulted in the installation of the first Bitcoin ATM machine in Uruguay. This is a significant achievement for the nation, which, based on estimations, has between 40K and 50K cryptocurrency users whose major method of cryptocurrency acquisition is peer-to-peer markets.}

(Source:news.bitcoin.com/first-cryptocurrency-atm-reportedly-installed-in-uruguay/)

^{January 2022: A strategic minority investment in Coinme was disclosed by MoneyGram International, Inc. to boost the platform's functionality and connect digital assets to regional currencies. MoneyGram International, Inc. hopes this move will increase its access to digital assets and cryptocurrencies. This will increase the number of point-of-sale locations where users can buy and sell bitcoin, increasing the currency's accessibility.}

(Source:www.coindesk.com/business/2022/01/05/moneygram-takes-4-stake-in-coinme-building-on-existing-partnership/?outputType=amp)

^{May 2021: The Bitcoin Depot network of cryptocurrency ATMs will open more than 350 new machines around the country. In the past six months, the company has more than doubled its number of worldwide kiosks, to over 2,500.}

(Source:www.atmmarketplace.com/news/bitcoin-depot-to-install-more-than-350-crypto-atms-in-us/)

Top Companies Market Share in Cryptocurrency ATMs Industry: (In no particular order of Rank)

• BITCOIN DEPOT
• Bitstop
• Cash Cloud Inc
• Coinsource
• Covault LLC
• GENERAL BYTES s.r.o.
• Genesis Coin Inc.
• Kurant GmbH
• Lamassu Industries AG
• RockitCoin
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

The North American Cryptocurrency ATMs Market Dominate the Largest Share of Global Market

According to Cognitive Market Research, in 2022, North America dominated the market for crypto ATMs because of the region's high volume of cryptocurrency transactions and the growing acceptance and popularity of cryptocurrencies. The regional market is also expected to expand due to the presence of key industry players like Coinme and Covault throughout the region. Additionally, a large percentage of Americans now own cryptocurrencies, which encourages the expansion of the local market. Furthermore, the placement of Bitcoin ATMs in public areas, particularly in the United States, is quickly gaining favor in North America. 

^{For instance, the Williston International Airport will get a cryptocurrency ATM, according to a November 2021 announcement from the City of Williston in the U.S. state of North Dakota. The crypto ATM allowed travelers to buy and sell virtual currency at the airport.}

^{(Source:cointelegraph.com/news/us-city-sets-up-bitcoin-atm-in-airport-after-crypto-payment-adoption/amp)}

On the other hand, Asia Pacific is the fastest growing region in the crypto ATM market. The continued installation of two-way crypto ATMs across Asia Pacific countries, including the Philippines, is projected to fuel the regional market's expansion. The widespread use of smartphones and the continuous implementation of 5G technology are also expected to open up opportunities for regional market expansion. Businesses in the Asia Pacific area are increasingly utilizing crypto ATMs to simplify operations and enhance consumer experiences.

The current report Scope analyzes Cryptocurrency ATMs Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Switzerland, Luxembourg, Rest of Europe)
• Asia Pacific (China, Japan, South Korea, India, Australia, Singapore, Taiwan, South East Asia, Rest of APAC)
• Latin America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East (Saudi Arabia, Turkey, UAE, Egypt, Qatar, Rest of Middle East)
• Africa (Nigeria, South Africa, Rest of Africa)

The above graph is for illustrative purposes only.

Cryptocurrency ATMs Market Analysis

By Type, the One Way Segment Dominate the Cryptocurrency ATMs Market

In 2022, the market was dominated by the one-way category. People are buying and investing in cryptocurrencies, like Bitcoin, due to their growing popularity. The expansion of the market is anticipated to be driven by an increase in cryptocurrency purchases, as one-way ATMs enable customers to buy cryptocurrencies safely.

Furthermore, over the projected period, the two-way category is anticipated to increase at the fastest rate. The market sector is anticipated to be propelled by customers' rising need for two-way crypto ATMs. Additionally, it is projected that the industry will rise as two-way ATMs increasingly go on the market across the globe.

• One Way
• Two Way

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Cryptocurrency ATMs Industry. Request a Free Sample PDF!

By Coin, the Bitcoin (BTC) Segment Dominate the Cryptocurrency ATMs Market

According to Cognitive Market Research, the bitcoin category had the largest revenue share with more than 30% of total revenue in 2022. The segment is expected to develop as a result of Bitcoin's rising popularity and the increasing acceptability of coins as a form of payment. 

^{For instance, the e-commerce software-as-a-service platform BigCommerce announced its collaboration with CoinPayments and Bitpay in September 2022. This agreement made it possible for several businesses to take Bitcoin and other cryptocurrencies.}

^{(Source:investors.bigcommerce.com/news-releases/news-release-details/bigcommerce-expands-crypto-ecosystem-bitpay-and-coinpayments)}

A number of sizable businesses, including Whole Foods and Microsoft Corporation, accept bitcoin for user payments, which is encouraging for the segment's growth.

Additionally, over the forecast period, the Litecoin section is anticipated to have significant growth. The fact that Litecoin can be mined on consumer computers and that its blockchain can process more transactions per second than Bitcoin is expected to increase interest in the cryptocurrency.

• Coin
• Bitcoin (BTC)
• Litecoin
• Ethereum (ETH)
• Dogecoin
• Bitcoin Cash
• Dash
• Tether (USDT)
• Others

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Cryptocurrency ATMs Offering Segment Analysis

According to Cognitive Market Research, the Hardware category led the market. The hardware segment contains, among other things, the display, scanner, printer, and others. Additionally anticipated to fuel the segment's growth is the increased demand for hardware parts from cryptographic ATM makers to construct ATMs. 

However, the software category is anticipated to grow fastest over the forecast period. One important aspect influencing the segment's growth is the rising concern over lowering the dangers of fraudulent operations. Manufacturers of cryptocurrency ATMs are forming alliances with providers of compliance solutions to enhance the KYC procedure.

• Hardware
• Display
• ATM Printer
• QR Scanner
• Others
• Software

Author's Detail

Kalyani Raje

Senior Research Analyst at Cognitive Market Research

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An optimistic Senior Research Analyst with years of experience in competitive assessment and business consulting. A seasoned professional and subject-matter expert (SME) in the Automobile & Transportation vertical.

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