Crypto ATM Market Analysis

Offering (Software, Hardware)

The hardware segment is projected to account for 70% share of the global crypto ATM market in the year 2037. The segment growth can be attributed to the growing demand for hardware components from cryptographic ATM manufacturers to build ATMs. Hardware that can be integrated with the current standard ATMs is offered by crypto ATM providers.

Moreover, this integration makes it possible for financial institutions and businesses to offer their services in addition to traditional banking services by offering the ability to buy and sell cryptocurrencies.

Coin (Bitcoin, Bitcoin Cash, Ethereum, Dogecoin, Dash, Tether, Litecoin)

The bitcoin segment in the crypto ATM market is predicted to garner a notable share shortly. Increasing penetration of Bitcoin and use of it as a significant payment method are foreseen to raise segment growth in the projected period. For instance, in September 2022, a software-as-a-service e-commerce stage called BigCommerce reported its association with CoinPayments and Bitpay, empowering shippers to acknowledge Bitcoin and other cryptocurrency installments. 

In addition, in May 2022, Gucci began accepting cryptocurrencies as bitcoin at some of its stores, and it has since expanded to more than 70% of retail outlets that accept crypto payments.

Our in-depth analysis of the global market includes the following segments: