Australia, the country that hosts the third-largest network of Bitcoin ATMs, surpassed the continent of Asia in terms of the total number of crypto ATMs installed.
Since the beginning of 2023, Australia has been on a crypto ATM installation spree, climbing from fifth to third in January alone. Data from Coin ATM Radar confirms that the country has kept up the effort to install avenues for fiat-to-crypto conversions.
Over the last eight months, Australia consistently added Bitcoin ATMs, unlike leading European nations and the United States, which reported a reduction in ATM installations during that timeline.
Asia, which includes major economies such as China, Japan, Singapore and India, hosts 355 crypto machines, representing 1% of the total crypto ATMs installed worldwide. After months of additions, Australia recorded 364 crypto ATMs.
Contradicting Australia’s crypto ATM growth, the total crypto ATMs installed worldwide showed a consistent decline. In the first two months of 2023, the net cryptocurrency ATMs installed globally reduced by 412 machines.
