News

Australia Emerges as Fourth Largest Crypto ATM Hub, Surpassing El Salvador

Australia has overtaken El Salvador In terms oaf Bitcoin ATMs

Australia has overtaken El Salvador to become the fourth largest hub for cryptocurrency ATMs, with a total of 219 active ATMs as of January 1, 2023.

This is according to data from CoinATMRadar, which shows that Australia deployed 99 ATMs in the last three months of 2022.

El Salvador, which was previously the fourth largest hub, now has 212 active ATMs. The United States and Canada are the largest hub for crypto ATMs, with a total of 8,986 and 1,360 active ATMs respectively.

Spain is the third largest hub, with 226 active ATMs. On a global scale, there are 38,602 cryptocurrency ATMs, with 6,071 of these being installed in 2022 alone.

Tags

Judith Faith has been writing about cryptocurrencies and blockchain technology for over five years. She is well versed in the industry and has an extensive network of industry contacts. She is also a frequent contributor to various cryptocurrency publications. With her vast knowledge and experience, she is able to provide insightful and valuable content to her readers. Judith is also an active investor in the cryptocurrency space and has a vested interest in the success of the industry. She is passionate about helping to foster the growth of the industry and believes in the power of blockchain technology to revolutionize the world.