What Has Been The Evolution of the Crypto Automated Teller Machine (ATM) Market in Recent Years?
The crypto automated teller machine (atm) market has seen considerable growth due to a variety of factors.
• The crypto automated teller machine (ATM) market has grown sharply in recent years. It is expected to rise from $0.55 billion in 2024 to $0.73 billion in 2025, with a CAGR of 32.9%.
This rapid growth is attributed to the increasing adoption of cryptocurrency, more bitcoin transactions, regulatory changes, ATM network expansion, and growing awareness and education.
How Will the Crypto Automated Teller Machine (ATM) Market?
The crypto automated teller machine (atm) market is expected to maintain its strong growth trajectory in upcoming years.
• The crypto ATM market is projected to see exponential growth, reaching $2.26 billion by 2029 at a CAGR of 32.6%.
The growth is attributed to increased cryptocurrency adoption, market expansion, regulatory support, institutional investment, and strategic partnerships. Major trends include improved user experiences, integration with DeFi platforms, technological advancements, blockchain innovations, and heightened security measures.
Which Factors Are Boosting Growth In The Crypto Automated Teller Machine (ATM) Market?
The growing awareness of cryptocurrency is expected to drive the growth of the crypto ATM market. Cryptocurrencies, which operate on decentralized networks using cryptography for secure transactions, are gaining traction due to media coverage of major cryptocurrencies like Bitcoin and Ethereum, highlighting their volatility, gains, and applications in finance, supply chain, and gaming. Crypto ATMs provide a convenient, secure way for users to buy and sell digital assets. For example, in January 2024, Security.org reported that 40% of American adults now own cryptocurrency, up from 30% in 2023, representing up to 93 million people. This increasing awareness of cryptocurrencies is expected to drive the crypto ATM market’s growth.
What Key Areas Define The Segmentation Of The Global Crypto Automated Teller Machine (ATM) Market?
The crypto automated teller machine (ATM) market covered in this report is segmented –
1) By Type: One Way, Two Way
2) By Offering: Hardware, Software
3) By Coin: Bitcoin, Litecoin, Ethereum, Dogecoin, Bitcoin Cash, Dash, Tether, Other Coins
Subsegments:
1) By One Way: Crypto-To-Fiat Transactions, Transaction Fees, Supported Cryptocurrencies
2) By Two Way: Fiat-To-Crypto Transactions, Crypto-To-Fiat Transactions, Supported Cryptocurrencies, Features
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How Are New Trends Impacting The Size Of The Crypto Automated Teller Machine (ATM) Market?
Companies in the crypto ATM market are focusing on enhancing customer experience with improved interfaces, such as ergonomic touchscreens. An ergonomic touchscreen in a crypto ATM reduces strain and improves accessibility. In February 2022, General Bytes launched an upgraded BATMTwo ATM model featuring a 10-inch ergonomic touchscreen, providing better visibility, ease of use, and accessibility for vision-impaired users.
Who Are the Key Players In The Crypto Automated Teller Machine (ATM) Market?
Major companies operating in the crypto automated teller machine (ATM) market are:
• Bitcoin Depot
• CoinFlip
• Athena Bitcoin
• RockItCoin
• Bitcoin of America
• Coin Cloud
• Coinme
• Coinsource
• Cash Cloud Inc
• Bitnovo
• Bitaccess
• Bitstop
• Crypto Dispensers
• General Bytes
• Genesis Coin
• Chainbytes
• ByteFederal
• Cryptospace
• CoinOutlet
• Shitcoins Club
• Vault Logic
• Covault LLC
• Kurant GmbH
• Instacoin ATM
• Lamassu Industries AG
What Is The Most Dominant Region In The Crypto Automated Teller Machine (ATM) Market?
North America was the largest region in the crypto automated teller machine (ATM) market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the crypto automated teller machine (ATM) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
