Bitcoin ATM installation slowdown continues for 4th month in 2022

April 2022 marked the 4th consecutive period of a slowdown successful the installation of Bitcoin (BTC) ATMs, ever since the slowdown began astatine the commencement of the year.

BTC ATMs service a important intent for the Bitcoin economy, helping users physically retrieve oregon deposit BTC holdings against the corresponding currency reserves.

Net alteration of cryptocurrency machines fig installed and removed monthly. Source: Coin ATM Radar

Based connected the data provided by Coin ATM Radar, the twelvemonth 2021 saw the highest planetary summation successful the BTC ATM installations, with August witnessing its highest of 2,037 ATMs nett change. Starting successful January 2022, the crypto ATM nett alteration fell down to 1,687 from December’s precocious of 1,969 ATMs.

Ever since, the nett alteration successful crypto ATM has maintained a downward trajectory, signaling three-digit changes crossed the pursuing months successful February (970), March (757) and April (739).

Last year’s explosive maturation successful crypto ATMs was a nonstop effect of jurisdictions similar El Salvador embracing Bitcoin arsenic ineligible tender, which presently hosts the third-largest web of BTC ATMs aft the United States and Canada.

To item the highly untapped marketplace for crypto ATMs, El Salvador hosts 205 Chivo-branded ATM machine, which amounts to 70% of each crypto ATMs successful South America.

Number of bitcoin machines installed implicit time. Source: Coin ATM Radar

However, arsenic antecedently pointed retired by Cointelegraph, the evident simplification successful the installations of crypto ATMs could beryllium a effect of the slowdown successful newer jurisdictions consenting to judge and follow the Bitcoin ecosystem.

Number of cryptocurrency machines installed by shaper implicit time. Source: Coin ATM Radar

Genesis Coin maintains its long-standing dominance successful the crypto ATM market, representing a 41.5% marketplace share. Other salient crypto ATM manufacturers see General Bytes (21.6%), BitAccess (15.2%) and Coinsource (5.3%).

Related: Bitcoin ATM installed successful Mexico's Senate Building

On April 26, Mexico's Senate gathering installed its 14th BTC ATM, showcasing the country’s expanding involvement successful the crypto ecosystem.

Por la libertad, inclusión y educación financiera en México.#ToTheMoon @senadomexicano pic.twitter.com/QytQn58A3i

— Indira Kempis de I. (@IndiraKempis) April 26, 2022

Mexican legislator Indira Kempis, who has precocious proposed the legalization of Bitcoin, announced the motorboat of the caller BTC ATM successful Senate gathering portion stating: 

“For freedom, inclusion and fiscal acquisition successful Mexico.”