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Data: 6,100 New Crypto ATMs Installed in First 11 Months of 2022 Due to Ongoing Bear Market

By Simon LawsonNovember 27, 20221 Min Read
Data: 6,100 New Crypto ATMs Installed in First 11 Months of 2022 Due to Ongoing Bear Market
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CoinATMRadar data shows that due to the ongoing bear market, 6,100 new cryptocurrency ATMs were installed in the first 11 months of 2022. In comparison, there will be more than 20,300 cryptocurrency ATMs in 2021, 3 times the number in 2022.

The global cryptocurrency market value has shrunk to $850 billion (about $3 trillion in November 2021), while the price of Bitcoin BTC -0.01% has fallen by more than 75% in the past year.

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Currently, the total number of encrypted ATMs in the world is 38,863, and the United States ranks first, with more than 34,000 ATMs. Canada came in second with 2,688, while Spain (262) and El Salvador (212) came in third and fourth, respectively.

DISCLAIMER: The information provided by WebsCrypto does not represent any investment suggestion. The articles published on this site only represent personal opinions and have nothing to do with the official position of WebsCrypto.
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Simon Lawson
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Simon Lawson has been a professional financial reporter for 6 years. He has in-depth research on the crypto industry and will release major crypto news in a timely manner.

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