The Great Shutdown: Bitcoin ATMs Record the Biggest Decline Since December 2024

1505
Bitcoin ATMs Record the Biggest Decline Since December 2024
Image by KI
Advertisment

Data from coinatmradar.com shows a net decline of 971 Bitcoin ATMs worldwide in March, interrupted by a short-lived resurgence of 188 installations in the last week of the month.

First Reduction in 2025: 971 Bitcoin ATMs Disappear

The once expansive spread of crypto ATMs has stagnated in recent years, with 2022 marking the first annual contraction in their number. Subsequent reductions intensified in 2023, as thousands of these crypto-dispensing units were eliminated in January, March, and July.

Coinatmradar.com’s year-end figures further highlight a drastic contraction: 1,462 machines disappeared from global networks shortly before 2025 began. While January and February 2025 brought a cautious recovery, the trend remains far from the rampant growth of previous years.

January saw 216 new Bitcoin ATM installations, with February accelerating this momentum to 973 new units – a pattern that abruptly reversed in March, when 971 machines disappeared from global networks. A late-month correction on March 24 boosted the numbers with 188 additions, providing a short-lived offset to the downward trend.

Global crypto ATM inventory now stands at 37,920, a significant decline from the peak of 39,982 machines in December 2022. This puts the current total at 2,062 units below this all-time high. Bitcoin Depot reigns as the titan of crypto ATM operators, controlling an impressive 8,464 terminals – equivalent to 22.3% of the global total.

Coinflip follows in second place with 5,386 units, while Athena Bitcoin takes third place with 3,963 machines, solidifying its position in the sector. An astonishing 99.92% of the 37,920 active terminals dispense Bitcoin (BTC), making its availability nearly universal.

Although surpassed by Bitcoin’s dominance, Litecoin (LTC) captures a remarkable 48.93% share of crypto ATMs, equivalent to approximately 18,555 terminals. Ethereum (ETH), the second-best performer by market capitalization, claims a near 47.86% presence, with its availability encompassing 18,146 of the 37,920 global machines.

Data from Coinatmradar.com shows that the US controls 78.8% of operating crypto ATMs, while Canada remains at a distant 9.2%. Europe and Australia claim modest shares, representing 4.5% and 4.3% of the global network, respectively.


Join our Newsletter
[newsletter_form lists="1"]