Australia has cemented its status as a cryptocurrency hub, becoming the third nation globally to boast over 1,000 Bitcoin ATMs! This milestone achievement positions them alongside giants like the United States and Canada.

Aussie Crypto Adoption Soars

Coin ATM Radar data reveals that Australia now houses a network of 1,008 active Bitcoin ATMs, representing a significant 2.7% share of the global crypto ATM market. This rapid growth reflects a surge in national interest in cryptocurrency, with nearly a quarter of Australian adults reported to own crypto assets.

The US Remains King, But Down Under Shines

The United States continues to reign supreme with a staggering 82.8% share of the global market, boasting over 31,000 crypto ATMs. Canada follows closely behind with 7.7% and 2,918 machines.

Beyond Bitcoin: A Multi-Crypto Future?

Interestingly, the percentage of Bitcoin ATMs supporting other cryptocurrencies is on the rise, now exceeding 61%. Tether, Ether, and Litecoin are leading the charge, with significant increases in supported machines.

Looking Ahead: A Global Crypto ATM Boom

Experts predict a global surge in Bitcoin ATM installations, fueled by a growing base of crypto users demanding convenient access to buy and sell digital assets. Australia's impressive growth serves as a prime example of this trend.

While the number of businesses accepting crypto payments in Australia remains modest, the rapid adoption of crypto ATMs paints a clear picture: Australia is embracing the digital currency revolution.