Australia Now Has Over 1,000 Bitcoin ATMs: Report

cryptonews.com:

Australia achieved a new milestone by becoming the third-largest host for Bitcoin ATMs, joining the United States and Canada as the countries with over 1,000 active crypto-fiat machines, according to April 24 data from Coin ATM Radar.

Australia now boasts an active network of 1,008 Bitcoin ATMs, representing 2.7% of the global crypto ATM distribution.

The United States leads the chart with 82.8% of the global share, hosting 31,179 crypto ATMs, and Canada comes second with 2,918 ATMs, which accounts for 7.7%.

Bitcoin kiosks continue to gain traction, and many countries now operate a large number of them. These include Spain (261), El Salvador (215), Poland (211), Germany (194), and Hong Kong (157).

Bitcoin ATMs are machines that allow users to buy or sell Bitcoin and other cryptocurrencies using cash or debit/credit cards. These machines often mirror traditional bank ATMs but function differently. The ATMs connect to a cryptocurrency exchange or platform, allowing users to conduct transactions.

In April 2023, Coin ATM Radar reported that the Asian continent had 355 crypto machines, representing 1% of the total crypto ATMs installed worldwide. Australia had 225 machines alone in June 2023, however, accounting for 0.6% of the global Bitcoin ATM distribution.

The rapid surge in Bitcoin ATMs across Australia reflects a growing national interest in cryptocurrency. According to Statista data, almost 1 in 4 adults own a crypto asset. This growth is evident in increasing trading volumes on exchanges and a major spike in the daily active users of cryptocurrency wallet apps.

Despite the uptick in cryptocurrency trading, the number of businesses in Australia that either have a crypto ATM or offer crypto as an in-store payment method is