Proof Point
Number of crypto ATMs installed worldwide grew 405% annually between 2013 and 2017, from three to 1,952, according to Coin ATM Radar
Crypto ATMs Installed Worldwide Over Time
2013 – August 2018 (number)
Proof Point Findings
- Crypto ATMs – Machines that let users buy cryptocurrencies (e.g. Bitcoin, Ether, Litecoin, and more) using fiat money, with some also offering capability to sell them
- 2013-2017 Growth – Crypto ATMs worldwide grew from three on December 1, 2013 to 1,952 on December 1, 2017, annual growth of 405%
- First Crypto ATM – Robocoin machine installed in Vancouver, Canada in November 2013
- 2018 YTD Installations – 1,617 new crypto ATMs added between January 2018 and August 13, 2018, or 80% of total crypto ATMs installed from 2013 to 2017, bringing total to 3,569
- Key Growth Drivers – Include proliferation of cryptocurrencies, growing number of businesses accepting cryptocurrencies, increasing interest in traditional currency alternatives, and more crypto ATM manufacturers entering space
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Accelerator |
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Market Disruption |
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Sector |
Financial Services, Information Technology
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Source |
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Date Last Updated |
October 12, 2018
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