The post Bitcoin ATMs increase hit 29-month streak in Australia appeared on BitcoinEthereumNews.com.

Bitcoin automated teller machines (ATMs) in Australia have been increasing, maintaining a 29-month streak. According to reports, the figure is presently challenging Europe, one of the places with the highest number of Bitcoin ATMs. According to the crypto ATM tracking platform Coin ATM Radar, Australia has witnessed a net positive addition of new Bitcoin ATMs in the last 29 months. According to the platform, the country now has 1,359 Bitcoin ATMs, which represents 3.5% of the ATMs globally. Although the number looks small, it puts Australia in the top 3 in global Bitcoin ATMs held by countries. The number is close to that of Europe, with the data tracker putting the number of Bitcoin ATMs in Europe at around 1,660. If Australia surpasses this number, it will become the third country with the most Bitcoin ATM networks, with the United States and Canada occupying the top two spots. United States lead in Bitcoin ATM ownership According to the report, Australia has about eight crypto ATM operators in charge of the machines. Coinflip leads the charge with about 50% of the total, while Localcoin ranks in second place with about 36% of the machines. Crypto Link, at 6%, ByteFederal Australia, at 2.7%, and Bitrocket, at 2%, make up the top five list. The United States leads other countries in the number of Bitcoin ATMs. The country has had to battle with several regulatory issues in its crypto market, leaving users seeking clarity. That, however, did not stop the country from dominating the Bitcoin ATM market. Presently, the country has 31,516 Bitcoin ATMs. The figure means the United States has about 81.3% of its Bitcoin ATMs globally. Canada, which has made fairly limited noise in the crypto industry, ranks second. The country has about 3,027 Bitcoin ATMs, representing 7.8% of the entire…

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Filed under: News - @ December 29, 2024 3:20 pm