Australia ranks 3rd in crypto ATM installations after US and Canada

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Australia enters the top three countries internationally by the number of cryptocurrency ATMs, despite the bear market and the record-low dynamics of new Bitcoin ATM installations worldwide. The Australians didn’t reach the fourth rank until the first few days of January; since then, they have installed 16 more computers.

Australia now has 234 cryptocurrency ATMs, placing her third internationally behind the United States and Canada, according to Coinatmradar’s statistics. It outperformed Spain, which has 222 crypto ATMs, in three weeks.

It’s all about dynamics; in only the last three months of 2022, Australia deployed 99 crypto ATMs, or over half of its total. Neither does it slow down. Australia has added 16 new ATMs since January 1, whereas Spain has actually lost 4 and El Salvador, which is now ranked fifth globally, hasn’t registered any new ATM installations.

Overall, Australia’s stats, along with those of Spain and El Salvador, could not compare to the U.S.’s high percentage of cryptocurrency ATMs. Of all the machines in the world, 33.387, or 86.9%, are located in the United States. They currently control a staggering 94.4% of all cryptocurrency ATMs, together with Canada (2.556), at the time of writing.

Geopolitical unrest and worldwide inflation in 2022, coupled with a year-long bear market, led to a sharp decline in the number of crypto ATM installations. In contrast to the 4,169 ATMs introduced during the first half of 2022, only 94 Bitcoin ATMs were added to the worldwide network between July and the end of 2022.

Coolangatta, an Australian city, received its first Bitcoin ATM with built-in Lightning Network capabilities in January 2023. While it functions similarly to conventional crypto ATMs, the layer-2 Lightning technology allows for substantial time savings. also makes it possible to buy little quantities of bitcoin.

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