The year 2024 saw increased Bitcoin activities, including the rise in Bitcoin ATM installations worldwide. The United States continues to dominate the Bitcoin ATM market, controlling 81% of these machines.
Growth of Bitcoin ATMs in 2024
Over the year, 2,217 more Bitcoin ATMs were installed globally, accounting for a 6.02% year-over-year growth. As of January 2025, the world has 38,768 of these ATMs, out of which 31,505 are installed in the American Market. The recorded growth doesn’t constitute an all-time high. By the close of 2022, there were 39,954 such machines, with the number falling to 33,076 in July 2023. Last year was very rewarding for crypto enthusiasts, with US regulators approving several spot BTC and ETH ETFs. Moreover, the American presidential campaigns brought crypto substantial attention, with both candidates showing a stance on it. Eventually, the US chose the most crypto-friendly president.
Steady Growth in Europe
Although Europe controls a small market share of Bitcoin ATMs, it is the only major region with consistent growth in the number of Bitcoin ATMs. Most regions, including the US, experienced a drop in BTC ATMs during the crypto winter, but Europe was the opposite. The number kept growing, albeit slowly. In 2024, the continent added 116 new ATMs, representing an almost 7.5% year-over-year increase. This enhanced Europe’s global market share from 4.23% to 4.29%. This has eaten into the dominant US market, which fell from 83.2% at the start of 2024 to 81.27% at the start of 2025.
Narrow Growth Increase After Q2 2024
Although Bitcoin ATMs saw growth in 2024, most of it happened up to Q2. The bull market in the second half of the year never impacted the installation of BTC ATMs. Data shows that by late April 2024, 1,942 new Bitcoin ATMs had been installed, translating to 485 machines monthly from January to April. Conversely, the numbers took a serious dive to 34 new BTC ATMs per month between May and December.
The growth in Bitcoin ATMs in 2024 was remarkable, particularly in Europe, despite a decrease in other parts of the world. Europe's steady growth and crypto support in the USA indicate ongoing interest in cryptocurrencies.
