Australia’s Bitcoin ATMs Near European Total, Suggesting Potential for Continued Growth in Crypto Infrastructure
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Australia’s growing presence in the cryptocurrency landscape is exemplified by its 1,359 Bitcoin ATMs, accounting for 3.5% of the global total. The steady increase in Bitcoin ATMs in Australia over the last 29 months showcases the nation’s commitment to cryptocurrency adoption, nearing European numbers. According to Coin ATM Radar, “Australia ranks third globally in the number of Bitcoin ATMs, just behind the United States and Canada.” Explore how Australia’s Bitcoin ATMs are shaping the crypto landscape, contributing to both global totals and local adoption in a burgeoning market. Australia’s Bitcoin ATMs Gaining Ground in the Global Market The increased installation of Bitcoin ATMs across Australia signals a robust growth trend in cryptocurrency adoption. According to recent reports from Coin ATM Radar, Australia has successfully maintained a net positive growth streak of Bitcoin ATMs for over two years. This trend has resulted in a current count of 1,359 ATMs, making Australia one of the top players in the global Bitcoin ATM landscape. The country’s surge in ATMs almost rivals the total in Europe, which stands at 1,660 ATMs, illustrating the nation’s determination to remain competitive in the crypto space. A Regional Overview: Comparing with Europe and North America While Australia boasts an impressive number of Bitcoin ATMs, the United States and Canada remain the front-runners. As of December 29, 2023, the US dominated the landscape with a staggering 31,516 ATMs, comprising 81.3% of the global total. Meanwhile, Canada follows as the second-largest market with 3,027 ATMs, further establishing North America as a key region holding over 90% of the world’s crypto ATMs. In contrast, Europe and Oceania each contribute around 4%, while Asia lags behind with only 0.9% of the total ATMs. This disparity highlights the concentrated growth of Bitcoin ATMs in western countries. The Rising Threat of Scams Linked to…
Filed under: News - @ December 29, 2024 1:22 pm