Australia ranks 3rd in crypto ATM installations after US and Canada

Despite the carnivore marketplace and the record-low dynamics of caller Bitcoin ATM installations astir the world, Australia breaks into the apical 3 nations globally by the fig of crypto ATMs. It was lone successful the archetypal days of January when the Aussies got to the 4th spot — since that clip they installed 16 much machines. 

According to Coinatmradar’s data, Australia present enjoys 234 crypto ATMs, which puts her successful the 3rd spot globally aft the United States and Canada. In 3 weeks it outperformed Spain, which possesses 222 crypto ATMs.

It’s each astir dynamics — Australia deployed 99 crypto ATMs, which is astir fractional of its full number, successful lone the past 3 months of 2022. And it doesn’t dilatory down. Since Jan.1, Australia has installed 16 caller machines, portion Spain has really mislaid 4 and El Salvador, which holds the 5th planetary spot, hasn’t recorded a azygous caller ATM.

Crypto ATM organisation by continents and countries. Source: CoinATMRadar

Overall, Australia’s numbers, arsenic good arsenic Spain’s and El Salvador’s, could hardly lucifer the tremendous proportionality of crypto ATMs successful the U.S. The States are location to 33.387 oregon 86.9% of each the machines successful the world. Together with Canada (2.556) astatine the clip of writing, they clasp a stunning 94.4% of each the crypto ATMs.

Related: How to bargain Bitcoin successful Australia?

A year-long carnivore marketplace successful 2022, accompanied by geopolitical tensions and planetary inflation, resulted successful a dramatic slowing down of the crypto ATMs installations. Only 94 Bitcoin ATMs were added betwixt July to the extremity of 2022 to the planetary web successful opposition to 4,169 ATMs during the archetypal fractional of 2022.

In January 2023, the Australian metropolis of Coolangatta got its archetypal Bitcoin ATM with integrated Lightning Network capabilities. It works likewise to accepted crypto ATMs but saves important clip owed to the layer-2 Lightning solution. And besides allows for purchasing precise tiny amounts of BTC.