The number of Bitcoin ATMs installed around the world is currently affected by the current state of the crypto economy.

The number of installed ATMs went from 38,776 in August to 37,980 ATMs in September according to data Retrieved from CoinATMRadar. 796 ATMs were withdrawn from the global network resulting in a drop of -2.05%.

The sudden drop in Bitcoin ATM installations can be attributed to a variety of factors, including uncertainties in the markets and tensions from different geopolitical regions.

Bitcoin ATMs allow a person to buy Bitcoin and other CRYPTOCURRENCIES with cash or debit card. Some Bitcoin ATMs offer a two-way feature that allows you to buy Bitcoin and sell Bitcoin for cash.

In some cases, Bitcoin ATM providers require users to have an existing account to transact at the machine. Bitcoin ATMs are one of the most visible benchmarks for measuring the growth of the digital currency ecosystem.

Bitcoin ATMs installed in different regions

the data obtained from CoinATMRadar showed that, as of May 18, 2020, there were 7,856 crypto ATMs in 72 countries and 5,888 locations in the United States alone, with 736 concentrated in the Los Angeles area and 946 present in Washington, DC. This amount includes other currencies such as bitcoin cash(BCH). Ethereum (ETH), Litecoin (LTC), and Dash (DASH).

Bitcoin ATMs were also inserted in East and South London with about 15 ATMs distributed throughout this region. Transactions have been steadily simplified through the ATM network of at least 150 machines across London.

South Korean citizens can now withdraw BCH, especially in areas that have not yet integrated peer-to-peer electronic cash payments with over 13,000 ATMs present in South Korea as a result of the camaraderie between Bitcoin.com and Mecon Cash.

Despite the setback in the market structure, data from 60 Days shows that almost 14 crypto ATMs are being installed worldwide per day, with Genesis Coin accounting for a 40.3% share of ATMs among other manufacturers.

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