Bitcoin (BTC) ATMs Installations Surged 6.02% YoY in 2024 as the US Maintained Dominance

The year 2024 was a banner year for cryptocurrencies. Several digital assets hit new all-time highs (ATH), and U.S. regulators approved several spot Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs).

In addition, Americans voted in the most blockchain-friendly administration and legislature to date.

As Finbold research found, such positive developments also led to an increase in the number of Bitcoin ATMs installed worldwide by 2,217 within 366 days – a 6.02% year-over-year (YoY) rise.

The United States remained dominant, commanding an impressive 81.27% of the market share. It entered the new year with 31,505 machines—3.6% or 1,094 more than on January 1, 2024—to the world's 38,768, per the data Finbold retrieved from Coin ATM Radar.

Growth in BTC ATMs in 2024 showed the correlation between the crypto market’s bull cycle and worldwide interest in digital assets infrastructure.

U.S. remains dominant, but Europe keeps consistently growing its market share

Although the 38,768 recorded on January 1, 2025, does not constitute an all-time high – there were 39,954 such machines in December 2022 – it is nonetheless a significant number, particularly as the total number of Bitcoin ATMs fell to 33,076 in July 2023.

Moreover, despite Europe's minuscule market share, the continent remains interesting as the only major region with consistent growth in the number of BTC ATMs.

Specifically, unlike the worldwide and U.S. numbers, which experienced a significant drop during the ‘crypto winter,’ Europe witnessed a consistent rise. Finally, the trend continued in 2024 when the continent added 116 new ATMs.

Though the number is small in absolute terms, it does constitute a decent 7.5% yearly increase and enabled Europe to increase its global market share from 4.23% to 4.29%, partially at the expense of the still-dominant U.S. whose commands fell from 83.2% at the start of 2024 to 81.27% at the start of 2025.

BTC ATM growth slowed down after April despite crypto’s record November gains

In other developments, the data reveals another interesting fact about the 2024 cryptocurrency bull market: despite multiple digital assets, including Bitcoin, hitting their ATHs in the second half of the year, most ATM installations took place in the first and second quarters.

By late April, there were 1,942 new BTC ATMs in the world, as Finbold reported at the time. This means that between January and April, an average of 485 machines were installed monthly, and between May and December, the number collapsed to 34.