Canada continues to increase its Bitcoin ATM installation rate, with data from Coin ATM Radar currently showing a 28% year-over-year increase.
The number of Bitcoin ATMs in Canada stands at 2,549, compared to less than 2,000 at this time last year. Canada has added nearly 400 Bitcoin ATMs since the beginning of the year.
In January 2022, there were 2,174 ATMs, in the second quarter of 2022, there were 2,479 ATMs, and in the third quarter, there were 2,545 ATMs. The country sees around 100 new Bitcoin ATMs every quarter, which is significantly higher than most other regions.
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