The global spread of crypto ATMs significantly impacts the installation of traditional ATMs.
Crypto ATMs in San Francisco
In recent years, San Francisco has seen a significant increase in businesses accepting cryptocurrency. Over 100 businesses in this region now accept crypto payments. San Francisco is also a major hub for crypto meetings and events. According to the Crypto Banking 2024 report by Coincub, San Francisco has over 400 crypto ATMs. This city is home to the headquarters of crypto-friendly banks such as Anchorage Digital, Juno Bank, and Series FI.
Key Crypto Hubs in the USA
Besides San Francisco, cities like Dallas, Phoenix, Boston, San Diego, Portland, and Detroit also stand out as key crypto hubs in the USA. According to data from Coinatmradar, the United States has 31,461 crypto ATMs, followed by Canada with 3,115 ATMs, Australia with 1,195 ATMs, Spain with 310 ATMs, and Poland with 284 ATMs. Los Angeles leads in the number of crypto ATMs with 1,640 devices, followed by Houston with 1,289 ATMs, Atlanta with 846 ATMs, Miami with 738 ATMs, and Baltimore with 682 ATMs.
Cryptocurrency Prices
At the time of writing, the cryptocurrency market capitalization was $2.31 trillion with an intraday rise of 0.91%. The CoinMarketCap fear and greed index was at 57, reflecting neutral market sentiment. During this period, Bitcoin was trading at $65,842 with a 4.45% weekly increase, though its trading volume fell over 22% to $28,907,046,296. Intraday gainers included Nervos Network, which grew 10.05% to $0.01868, followed by Pepe at $0.00001109 with a 7.76% rise, and Shiba Inu and Notcoin with an average growth of 5.50%. Major intraday losers included PopCat, Sei, SUI, and Fantom.
The shift toward using crypto ATMs and the gradual decline of traditional ATMs is tied to the global rise in cryptocurrency adoption. The influence of the cryptocurrency industry on the banking sector and financial services market is becoming increasingly significant.
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