2023 has marked a notable decline in the number of crypto automated teller machines worldwide, plunging to levels not seen since November 2021. Data from coinatmradar.com reveal that July witnessed the steepest fall, with 4,123 crypto ATMs vanishing from the industry.
The Ebb and Flow of Crypto ATMs: 2023 Sees Major Fall from Grace
Thousands of crypto ATMs are now out of service. A vast majority of these machines vanished from the market this year, and by October 23, 2023, coinatmradar.com reported a total of 32,704 crypto ATMs globally. This figure pales in comparison to the record high of 39,353 units in August 2022, signifying that about 6,649 once-active crypto ATMs are now defunct.
March 2023 experienced a significant downturn with 3,568 machines going offline. Yet, July 2023 outpaced it, seeing 4,123 units discontinued. Following the slump in March, both April and May witnessed a slight resurgence in installations, a trend that also persisted post-July. October took the lead in n
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