Bitcoin Depot® Reports 155% Growth in the Last Year for Cryptocurrency ATM Industry

ATLANTA, June 23, 2021 / PRNewswire / – In the past few years, Bitcoin and other cryptocurrencies have shown massive growth. In the last year alone, Bitcoin prices have been around $ 10,000 to an all-time high of $ 64,000 in recent weeks. Meanwhile, Ethereum’s market capitalization has grown to hundreds of billions of dollars as the platforms built on its network become more mainstream. In step with this growth Bitcoin Depot®, the largest and fastest growing crypto ATM network, has seen a similar trend in the fintech industry.

In the eight years since the introduction of the first crypto ATM, the industry has grown to more than 19,000 such machines from almost 600 operators worldwide. In the past 12 months, the number of ATMs around the world has increased by 155%, according to this Coin operated radar. In fact, Bitcoin Depot® is expected to have 6,000 ATMs installed by the end of this year.

“The business case is there and proves the potential of this industry,” said Bitcoin Depot® President and CEO, Brandon Mintz. “Bitcoin is a protection against inflation because of its finite availability. We have seen its value grow exponentially over the past year. The demand for crypto ATMs will only increase as consumers from all walks of life want to invest and use crypto to make payments, send money transfers, etc. I anticipate that in a few years our ATMs will be as widespread as regular ATMs. “

Crypto ATMs offer consumers the ability to exchange cash for cryptocurrency, enabling quick and easy transactions that give users instant access to this new ecosystem. The ATMs are now offering merchants and other partners a profitable alternative to conventional ATMs. As a result, Bitcoin Depot has partnered with some of the largest convenience and grocery chains in the world.

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About Bitcoin Depot®
Bitcoin Depot® is the world’s largest ATM network for cryptocurrencies, based in Atlanta, Georgia. The company’s mission is to provide the easiest, most convenient, and fastest cryptocurrency transactions to ultimately bring Crypto to the Masses ™. The 3,000+ network of crypto ATMs enables users to instantly purchase over 30 different cryptocurrencies. Learn more, as well as on Facebook, Twitter and Instagram.

Lindsey Harrison
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SOURCE Bitcoin Depot

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