The total number of Bitcoin ATMs increased by over a thousand worldwide as operators expanded their inventory mostly in the US. The news offers yet another indication of the growing appeal of the crypto industry around the world.
US Bitcoin ATM Count Now Above 10,000
According to its latest Market Dynamics report published on Dec. 4, crypto ATM data provider CoinATMRadar revealed that the total Bitcoin ATM count as of the end of November was 12,510 installations. This figure represents a 1,118 increase in the new machines within the months.
The US accounted for the majority of these new installations with over 900 machines entering the country’s Bitcoin ATM market. In total, the US ended November with 10,050 crypto ATMs, an increase of about 10 percent within the month.
Outside the US, Canada, and Germany saw the highest number of new installations at 68 and 10 respectively. North America plays host to more crypto ATMs than the rest of the world combined.
Indeed, of the 12,864 crypto ATMs (as of press time), over 80 percent are in the US. In total, North America is home to more than 11,300 machines.
As previously reported by Germany’s financial regulator BaFin took action against the “Shitcoins Club” — a crypto ATM manufacturer and operator. The move saw the company forced to decommission all of its Bitcoin ATMs in the country.
The Shitcoins Club did, however, increase its crypto ATM fleet by 10 new machines in November. Genesis Coin produced the highest number of Bitcoin ATMs in November, rolling-out almost 400 machines in the process. On the operator side of things, CoinFlip topped the charts, installing 129 new units within the period.
November crypto ATM installations saw a significant decline in machines that support only Bitcoin (BTC) with operators rolling out machines with altcoin support. Litecoin (LTC) saw the highest adoption volume across 612 of the 1,118 new machines.
According to CoinATMRadar, 100 Bitcoin ATMs were also taken offline during November with Norway seeing its solitary crypto ATM decommissioned.
Bitcoin ATMs are still the subject of much regulatory scrutiny. Back in July 2019, Spanish Police argued that crypto ATMs enabled criminals to circumvent anti-money laundering (AML) laws. City officials in Canada have also been known to express negative sentiments about Bitcoin ATMs in the past.