Australia, the third-largest hub for Bitcoin and crypto ATMs, recorded a new milestone with 1,000 active crypto-fiat machines now in operation.
As of April 24, Australia hosts an active network of 1,002 Bitcoin ATMs, making it the third country after the United States and Canada to achieve this feat. The nation represents 2.7% of the global Bitcoin ATM network.
Source: Coin ATM Radar
According to Coin ATM Radar data, the U.S. hosted its first 1,000 crypto ATMs in November 2017, while Canada reached the same in January 2021.
Currently, the U.S. is home to 82.8% of the global Bitcoin ATMs with 31,170 machines, and Canada represents 7.8% of the lot with 2,918 crypto ATMs.
Historically, Australia was an inactive market for crypto ATMs. However, adoption has increased exponentially since the end of 2022, owing to participation from private firms.
In April 2023, Australia’s Bitcoin ATM count surpassed Asia’s, which includes major economies such as China, Japan, Singapore and India.
At the current installation rate, Australia is well-positioned to surpass Europe, which has 4.3% (1,617 machines) of all active Bitcoin ATMs.
Other countries with significant crypto ATMs include Spain (261 machines), El Salvador (215), Poland (211), Germany (194) and Hong Kong (157).
