Even though the mass adoption of cryptocurrencies is gradually growing globally, the bear market and geopolitical tensions affected the crypto industry's growth and limited the number of Bitcoin ATMs installed worldwide.

Although the crypto market is recovering from the brutal year 2022, #BitcoinATMs are losing popularity. For years, their number continuously grew, with thousands of new crypto ATMs installed each month. After reaching an all-time high of more than 39,100 in December 2022, the number of Bitcoin ATMs or crypto ATMs significantly dropped this year.

A subject matter expert says Bitcoin ATMs are expensive — some machines charge high fees (up to 20%) for each transaction. They may not be in your area and machines tend to be concentrated in highest-population cities and locations.

The April month has broken the three-month-long downward trend in this regard. According to the data shown at #CoinATMRadar, 39 new physical ATMs have been installed in different locations. Notably, General Bytes, Genesis Coin, and BitAccess are at the moment among the top crypto ATM manufacturing providers.

Today's Headline in NewsHours
0:00 Intro
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