Crypto ATM Market Regional Analysis:
North American Market Insights
North America industry is estimated to hold largest revenue share of 45% by 2035. The market growth in the region is also driven by the presence of players such as Covault and Coinme in the region. Multiple cryptocurrencies are supported at crypto ATMs in North America and are accessible to users including Bitcoin, and digital assets such as Ethereum, Litecoin, and Bitcoin Cash.
Additionally, the US is home to a large number of cryptocurrency owners and thus bodes well for growth in this region. For instance, in the United States alone, there are over 35,000 cryptocurrency ATMs and thousands more may be found in Canada.
APAC Market Insights
The Asia Pacific region will also encounter enormous growth for the crypto ATM market during the forecast period and will hold the second position, led by the increasing number of smartphones and the continued deployment of next-generation wireless networks in the region's markets. It was projected that around 1 billion Indians would own smartphones by 2040.
This may provide opportunities for regional market demand. Furthermore, in the Asia Pacific area, the burgeoning popularity of Bitcoin ETFs and the subsequent trend of millennial investing in cryptocurrencies in tier-2 and tier-3 cities have made India a significant player in the cryptocurrency ATM business.
