Despite the bear market and record dynamics of new Bitcoin ATM installations around the world, Australia has moved into the top three countries internationally in terms of the number of cryptocurrency ATMs.

It was not until the first days of January that the Australians moved up to fourth place; since then, they have added another 16 computers to their network. According to data provided by Coinatmradar, Australia now has 234 crypto ATMs, ranking it third internationally behind the United States and Canada in terms of the number of machines available.

In three weeks it overtook Spain, which had 222 crypto ATMs.

It’s all about dynamics: Australia installed 99 cryptocurrency ATMs in the last three months of 2022 alone, which is more than half the total number of machines in the country.

Since the beginning of the year, Australia has added 16 new ATMs, while Spain has lost 4, and El Salvador, which ranks fifth in the world, has not registered a single new ATM. Australia leads the world in this category.

Overall, the number of cryptocurrency ATMs in Australia, Spain, and El Salvador combined could not match the large number of ATMs in the United States. The United States of America is home to 33,387 machines, representing 86.9% of all machines in the world.

Together with Canada (2,556) at the time of writing, they own a remarkable 94.4% of all crypto ATMs.

A bear market that lasted all of 2022, coupled with geopolitical tensions and inflation on a global scale, led to a significant reduction in the installation of cryptocurrency ATMs.

Comparatively, only 94 Bitcoin ATMs were added to the global network between July and the end of 2022. This is in contrast to the 4,169 Bitcoin ATMs that were present during the first half of 2022.

The first Bitcoin ATM with built-in Lightning Network capabilities was installed in the Australian city of Coolangatta in January 2023.

It works similar to conventional cryptocurrency ATMs, but the Layer 2 Lightning solution saves significant time.