Crypto ATM Market Size

Crypto ATM Market size is set to reach USD 5 billion by the end of 2036, growing at a CAGR of 55% during the forecast timeframe, i.e., 2024-2036. In the year 2023, the industry size of crypto ATMs was USD 600 Million. A surge in bitcoin ATM installations is what is augmenting the market expansion. Large R&D expenditures are being made by vendors to produce innovative goods and technologies. They are also expanding their footprint by introducing reasonably priced Bitcoin ATMs. For instance, globally, there were more than 32,000 Bitcoin ATMs as of January 1, 2024.

In addition, a factor that is believed to drive the market expansion of crypto ATMs is the rising popularity of ATMs that support several cryptocurrencies. ATMs for cryptocurrencies also facilitate transactions, allowing customers to obtain cash more quickly. Crypto ATMs are user-friendly and offer a straightforward, step-by-step procedure that makes it easy for consumers to complete transactions.