There are almost 2,000 bitcoin ATMs in USA
The total number of bitcoin cash machines worldwide exceeded 3,000 in May, averaging six daily installations.
There are just shy of 2,000 bitcoin ATMs located across the United States, according to the latest statistics.
Figures published by Coin ATM Radar in May 2018 reveal that there are now 1,966 bitcoin Automated Teller Machines (ATMs) positioned throughout 43 different states and districts across the United States of America.
Top 10 US locations with the highest number of bitcoin ATMs
- Los Angeles, California – 250
- Chicago, Illinois – 166
- New York, New York – 143
- Atlanta, Georgia – 123
- Miami, Florida – 106
- Las Vegas, Nevada – 73
- Detroit, Michigan – 70
- Newark, New Jersey – 65
- Washington, Washington D.C. – 61
- Dallas, Texas – 61
The stats show that bitcoin ATMs have been popping up globally at an alarming pace over the last 18 months.
At the beginning of 2017, there were just 1,000 machines located around the world. Less than 15 months later, this figure has tripled to 3,134 machines across 70 countries, comprising 437 operators and 31 producers.
In 2014, Coin ATM Radar released a forecast which anticipated that there would be approximately 2,900 bitcoin ATMs installed worldwide within seven years (by 2020). This figure was reached two and a half years early.
The bitcoin ATM industry has matured a lot over the last year. Growing prices during 2017 brought a lot of new users into the cryptocurrency sphere, which was a stimulus for growth of service providers to obtain their first bitcoins or other altcoins. Buying it for cash with the help of bitcoin ATMs is one of the easiest ways. The industry saw a rapid increase in installations from top operators, which allowed them to significantly increase their networks of machines further.
Coin ATM Radar on growth of the bitcoin ATM industry
Source: Coin ATM Radar
Washington D.C. now boasts 20 new bitcoin ATMs thanks to Coinsource’s continued United States expansion. These and 162 other machines, located across 19 different states, make up the company’s extensive network.
The 20 new machines stationed in the nation’s capital were introduced after bitcoin users and local merchants voiced demand for additional convenience. Throughout the first quarter of 2018, Coinsource has launched 10 machines in Rhode Island, New Hampshire and Massachusetts, plus eight new machines in Denver, Colorado.
Coinsource claims to be the largest bitcoin ATM network in the world.
You can learn all about different exchanges, understand exactly how to buy and sell cryptocurrencies, calculate your taxes, discover digital wallets to hold assets and explore a list of all the alternative coins on the market.
- Craig Wright: Tether is a criminal money laundering system
- Dr. Craig Wright explains the origins of Bitcoin – Full interview
- David Kleiman, Hal Finney and others helped create Bitcoin, says Dr. Craig Wright
- Cryptocurrency: Why all eyes are on eToro’s USA launch
- Bitcoin weekly price analysis 28 August: Token’s value soars in face of ETF rejections