Global Bitcoin ATM Count Grew by Over 1,000 in November

The total number of Bitcoin ATMs increased by over a thousand worldwide as operators expanded their inventory mainly in the US. The news offers yet another indication of the growing appeal of the crypto industry worldwide.

US Bitcoin ATM Account Now Above 10,000

According to its latest Market Dynamics report published on December 4, crypto ATM data provider CoinATMRadar revealed that the total Bitcoin ATM account at the end of November was 12,510 installations. This figure represents an increase of 1,118 new machines within the months.

The United States accounted for the majority of these new installations with over 900 machines entering the country’s Bitcoin ATM market. In total, the United States closed in November with 10,050 crypto ATMs, an increase of about 10 percent within the month.

Outside the US, Canada and Germany the highest number of new installations were 68 and 10 respectively. North America is home to more crypto ATMs than the rest of the world combined.

In fact, of the 12,864 crypto ATMs (as of press time), over 80 percent are in the US. In total, North America is home to more than 11,300 machines.

As previously reported by BTCManager, German financial regulator BaFin took action against the “Shitcoins Club” – a manufacturer and operator of crypto ATMs. In the wake of the move, the company was forced to decommission all of its Bitcoin ATM machines in the country.

However, the Shitcoins Club increased its crypto ATM fleet by 10 new machines in November. Genesis Coin posted the highest number of Bitcoin ATMs in November, rolling out nearly 400 machines in the process. On the operator side of things, CoinFlip topped the charts, installing 129 new units within the period.

A significant decline in crypto ATM installations in the month of Bitcoin-only supported machines (BTC) saw operators introduce altcoin-backed machines. Litecoin (LTC) saw the highest adoption volume across 612 of the 1,118 new machines.

According to CoinATMRadar, 100 Bitcoin ATMs were also taken offline during November with Norway seeing its lone crypto ATM being decommissioned.

Bitcoin ATMs are still subject to a lot of regulatory scrutiny. Back in July 2019, the Spanish Police argued that crypto ATMs enable criminals to circumvent anti-money laundering (AML) laws. City officials in Canada are also known to express negative feelings about Bitcoin ATMs in the past.

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