The global crypto ATM market size reached approximately USD 87.35 Million in 2024. The market is projected to grow at a CAGR of 45.70% between 2025 and 2034, reaching a value of around USD 3765.81 Million by 2034.
Crypto ATM is an internet-connected kiosk that offers the provision of exchanging cash for cryptocurrencies such as Bitcoin or Ethereum, among others. This ATM provides users the facility to scan the QR code corresponding to their crypto wallet for the transfer of crypto coins.
The growing diversification of cryptocurrencies is one of the key factors driving the crypto ATM market growth . Manufacturers are offering cryptocurrencies beyond Bitcoin, Dogecoin, and Ethereum for sale at these ATMs to aid users in mitigating investment risks. Several traditional ATMs now offer the feature of purchasing cryptocurrencies such as Bitcoin and Ethereum, which also provides impetus to the market growth. Two-way crypto ATMs that offer both buy and sell functionality are also gaining robust popularity among users as they provide the facility of acquisition and liquidation of crypto coins in one place, enhancing user convenience. Market players are adopting strategic measures such as partnerships and collaborations to enhance their crypto ATM offerings by extending the range of digital currencies available at their ATMs.
Key Trends and Developments
Diversification of cryptocurrencies; enhanced security features; mobile app integration; and user-friendly interfaces are the major trends impacting the crypto ATM market expansion
July, 2023
Genesis Coin, a provider of Bitcoin ATM software, announced that it has purchased 5,700 cryptocurrency ATMs from CoinCloud.
September, 2023
Bitbuy announced that it has formed a strategic partnership with the Canadian cryptocurrency ATM company Localcoin.
March, 2024
Coinme, a prominent cryptocurrency cash exchange in the United States, announced the inclusion of more than 9,700 physical Bitcoin ATM locations on the Bitcoin.com site and map finder.
March, 2024
Bullet Blockchain Inc., a software development company, announced that it has installed 10 Bitcoin ATMs in Georgia.
Diversification of cryptocurrencies
There is a growing trend toward ATMs that support multiple cryptocurrencies, including Ethereum, Litecoin, Bitcoin Cash, and others, aiding the crypto ATM market development.
Enhanced security features
As security concerns remain a top priority, crypto ATM manufacturers are continuously improving security features, such as biometric authentication and advanced encryption.
Mobile app integration
There is a trend toward integrating crypto ATMs with mobile apps, allowing users to manage their transactions and locate nearby ATMs.
User-friendly interfaces
Crypto ATM manufacturers are focusing on developing user-friendly interfaces and simplifying the transaction process.
Crypto ATM Market Trends
Cryptocurrency users have diverse preferences and may hold a variety of digital currencies. ATMs that support multiple cryptocurrencies cater to a broader user base, allowing individuals to conduct transactions with their preferred coins. Multi-cryptocurrency ATMs provide users with a one-stop solution for buying and selling different types of cryptocurrencies and this convenience is especially appealing for users who engage in trading or investing in multiple digital currencies.
Players in the crypto ATM market are expanding their ATMs to enhance their market outreach. For instance, Coinme announced the inclusion of over 9,700 physical Bitcoin ATM locations on the Bitcoin.com site and map finder in March 2024. This move could help drive further adoption of cryptocurrencies by making them more accessible to the general public.
Market Segmentation
“Crypto ATM Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:
Market Breakup by Offering:
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