The US Reigns Supreme in the Bitcoin ATM Industry

Coinatmradar, a website mapping and tracking trends for Bitcoin ATMs (BTMs) around the world, recently released their 2016 data as well as projected trends for 2017. According to the site, the United States is dominating the BTM market with market share of 73 percent. Also read: 10,000+ EU ATMs to Cash Out Bitcoin At press time, Coinatmradar displays 951 BTMs in 55 countries from 192 operators, 555 of which are located in the United States. The country with the second most BTMs is coinatmradarCanada with 136 BTMs, followed by the United Kingdom with 47 BTMs, the site shows. The U.S. has been dominating the market since the site started providing data in 2014. “United States of America market will be still dominating with potentially increasing its share further,” states Coinatmradar’s most recent blog post. The BTM numbers do not include kiosks, retail outlets, and other machines worldwide that sell bitcoin as one of their many functions. Coinatmradar currently shows over 36,000 of non-BTM locations globally to buy bitcoin such as the Swiss railway machines and Canada’s Flexepin system. On Coinmap, there are a total number of 8,497 merchants worldwide including ATMs listed. Bitcoin.com interviewed Vlad of CoinATMRadar about the growth trend of the BTM industry from his perspective, and why so many operators are choosing the U.S. U.S. Dominant Market Bitcoin.com (BC): The BTM industry appears to be growing faster as time goes by. Where does Coinatmradar see the growth coming from? Coinatmradar (CAR): The U.S. is dominating bitcoin ATM market with 73% of all machines worldwide (share was growing steadily over last 2 years), most new installations happen there. Also it is usually existing operators enlarge their networks of machines, while new operators also appear, but not at that scale.