Over the past five months since January, Bitcoin ATM installations have experienced a gradual slowdown, eventually declining by 89.75% of new installations. of 1971 in December 2021.
Bitcoin (BTC) ATM installations worldwide have seen a sharp decline over the course of 2022, with 202 new BTC ATMs registered in May , a domain last seen three days ago in 2019, according to the Coin Telegraph.
However, data from CoinATM Radar reveals a clear resurgence in the install numbers as the world saw 817 Bitcoin ATMs install in June - in the days Only the first five.
Some of the major factors contributing to the slowdown in crypto ATM installations include geopolitical tensions around the world, unclear or anti-crypto regulations, and market saturation. and business impact due to the ongoing coronavirus pandemic.
CoinATM Radar data confirms that the United States is home to 87.9% of a total of 37,826 crypto ATMs worldwide. Europe, as a continent, has a network of 1,419 ATMs - representing 3.8% of the world's ATM facilities.
Cryptocurrency ATM manufacturer Genesis Coin maintains its position as a leader in terms of market share, representing 41% of total crypto ATMs operating in the the whole world. Other manufacturers with a significant market share include General Bites (21.6%), BitAccess (16%), Coinsource (5.4%) and Bitstop (4.7%).
While real-world challenges may have a temporary effect on Bitcoin's physical expansion via ATMs, in essence the Bitcoin network continues to outpace its past records In securing, decentralizing, and accelerating an impenetrable peer-to-peer (P2P) network.
