Crypto ATMs Observes 700% Increase In Less Than 3 Years

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As per the data assembled by CoinATMRadar and LongHash, the number of crypto ATMs worldwide has grown from 501 to 4,000 in less than 3 years, observing nearly 700 percent growth rate.

Bitcoin ATMs gained much traction during the early days of crypto, especially in fast-growing markets such as South Korea. The ATMs are slowly and steadily becoming a preference amongst travelers and foreign residents, who are unable to use the local cryptocurrency-to-fiat ATMs due to know-your-customer (KYC) regulations.

Bitcoin ATMs are doubling every year.

2016: 501
2017: 965
2018: 2,064
2019: 4,128https://t.co/Qoq8o0pe8z

— LongHash (@longhashdata) February 12, 2019