Over the last six months, between July to the end of 2022, just 94 Bitcoin ATMs were added to the global network.
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Over the last six months, between July to the end of 2022, just 94 Bitcoin ATMs were added to the global network.
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El Salvador’s position as the fourth-largest crypto ATM hub was short-lived as Australia stepped up its game over the following months.
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Spain currently hosts 215 crypto ATMs, pushing El Salvador — home to 212 crypto ATMs — down to the fourth position after surpassing the country by 3 crypto ATMs.
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Data on net changes of crypto ATM installations confirm that, in September, 796 crypto ATMs were pulled off from the global network.
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With China out of the competition, the US picked up the slack to become the highest BTC hash rate contributor — representing 37.84% of the total mining power by Jan 2022.
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Halfway through 2022, the BTC ATM installation numbers dropped 89.75% by May, followed by a swift recovery in June.
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Over the past five months since January, Bitcoin ATM installations saw a gradual slowdown, eventually falling 89.75% from December 2021’s 1971 new installations.
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The evident reduction in the installations of crypto ATMs could result from the regulators’ hesitance to adopt the Bitcoin ecosystem.
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Following a successful Bitcoin ATM pilot by Europe’s largest electronics retailer, 12 new Bitcoin ATMs are coming to Austria’s MediaMarkt stores.
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1,817 crypto ATMs have been installed worldwide in the first two months of 2022. Last year saw 2,435 crypto ATMs installations in the same time window.
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