The cryptocurrency market has experienced its fair share of ups and downs, but one aspect that has shown remarkable resilience is the growth of cryptocurrency ATMs. Despite a net loss of 2,861 machines in 2023, the number of cryptocurrency ATMs installed worldwide has increased by 17.8% over the last 12 months, reaching a total of 38,279. This surge in installations has brought the total close to its all-time record of 39,541 set in December 2022.

As of 2024, a total of 2,564 new cryptocurrency ATMs have been installed, indicating a positive trend. The monthly tally has increased consistently from July 2023 to May 2024, with a minor dip in June followed by a strong rebound. The leading cryptocurrency ATM operators are Bitcoin Depot, Coinflip, and Athena Bitcoin, with a combined total of 15,356 machines.

Bitcoin remains the most popular cryptocurrency transacted with, followed by Bitcoin Cash, Ether, and Litecoin. The United States dominates the market, hosting over 82% of the world's cryptocurrency ATMs, while Canada comes in second at 7.7%. Australia has seen a remarkable surge in installations, increasing its total by nearly 17-fold to 1,107 machines over the last two years.

Other countries with significant cryptocurrency ATM installations include Spain, Poland, El Salvador, Germany, and Hong Kong. Romania, Georgia, Switzerland, Austria, and New Zealand also have over 100 ATMs each. Out of the 193 United Nations-recognized countries, 72 host a cryptocurrency ATM, indicating a growing global presence.

The resurgence of cryptocurrency ATMs in 2024 is a promising sign for the industry, indicating a growing demand for cryptocurrencies and a increasing adoption rate worldwide. As the market continues to evolve, it will be interesting to see if this trend sustains and how it impacts the overall cryptocurrency landscape.